But GWR have lower grade IO, and higher trucking costs,
around $20/t for the latter, and $10/t for lower grade (my guess).
That's quite a difference in their underlying profit margin
compared to FEX.
I have wondered if FEX truckies can do the round trip (2 x 490kms)
in a day ? Might be more of an issue if its (2 x 711kms) as it is for GWR.
All IMHO, DYOR
Ann: Update on maiden shipment of Iron Ridge product, page-137
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