Guy on Rocks: Pencils down on much anticipated iron ore scoping study

Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”.

This week on Guy on Rocks, host Guy Le Page assesses the much-anticipated scoping study released by Cyclone Metals (ASX:CLE) on its Iron Bear iron ore project in Newfoundland, Canada.

With a resource estimate of 16.66Bt at 29.3% iron, standout figures include a post-tax US$9.79 billion NPV and a mine life of 18 years based on just 9% of the total mineral resource alone.

Perhaps most importantly, CLE has the financial backing of Brazilian iron ore major Vale.

Tune in to hear more.

While Cyclone Metals did not collaborate on this video, it is a Stockhead advertiser at the time of publishing.

The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead.

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