Yes, I stated Pilbara Fines.
My mistake. I meant 62% Fe fines. Platts index pricing. Which I believe is what GBG reference to.
I also said Geraldtown instead of Geraldton.
Your assertion is that at some point in the cycle the shipping comes out of what GBG receive. You said " it really makes NO difference in your calculation for Karara if you lump the shipping costs with the buyer or the seller despite them showing up on the buyers books."
I'm not interested in arguing. I took on board what you said about moisture. I do resent you implying I'm trying to deceive.
Show me where GBG end up with a smaller margin then projected due to shipping. What your implying is at some time they receive less due to shipping costs.
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