AGO
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0.00% 4.5¢ atlas iron limited

iron ore price, page-34

  1. skippa
    1,303 Posts.
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    10/03/14
    11:27
    Post #: 13104720
    Ok got it and I agree.

    In that report, they say gross revenue was 588m and shipped 5.1mt = $115/t during a period where the spot price was probably AUD $145/t. So the price AGO get seems to be 20% below the floating spot price perhaps. I think people call this a 'grade discount'.

    So today the spot price is $126. AGO maybe sells at approx. $101. Total costs incl DA we see are at $95 so profit margin is as you suggest.
    Cheers
    Skippa
    AGO Price at posting: 94.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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