Yes, the sale at 57% will be adjusted with a discount for grade and content but at high level Iron Ore price at US$90 at 62% FE, we get $30M, US$120 at 62% FE, we get $60M which presumably means US$150 at 62% FE, we get $90M.
See below.
22/08/19 Venture commits to recommencing Riley Iron Ore Mine (ventureminerals.com.au)
VMS: Game Changer Events, page-164
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