Nordic Iron Ore AB announces positive outcome of the Blötberget Feasibility Study
Nordic Iron Ore announces that the Blötberget Feasibility Study (undertaken by Golder Associates) has been completed. The study shows that the conditions are in place for a profitable mining operation.The Feasibility Study shows, among other things, the following: · An annual operating profit (EBITDA) of approximately USD 63 million (SEK 596 million) at full operation. · Operating profit for the project (EBITDA) of USD 702 million (SEK 6,640 million). · Operating margin (EBITDA) of 44%. · The repayment period for investment has been estimated at 5.6 years after the start