YML unknown

jorc out , page-30

  1. 1,201 Posts.
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    im confused, i thought thre iron ore price is circa 100USD for lump .

    FRSs costs are circa $45AUD/tonne; WPGs is $55AUD/tonne . Both these have similar grades to YML.

    the net price should be the lump pre price in AUD minus all costs.

    So for WPG

    100USD *1.15 (currency) = 115AUD

    115AUD - 55AUD costs (all mining and logistics) = 60AUD per tonne.

    why are you saying theyll only get 68AUD per tonne???

    are you taking the hammersley price (100% FE) and taking the percentage of grade of the ore off it like AXO for its (titano) magnetite?

    E.g 115AUD * 58% FE for YML = $67/tonne???
 
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