Price Chart- MGX, page-241

No doubt you're a little disappointed that MGX is currently shipping low 58% grade ore. Most likely still losing money. MGX lost money for the DEc quarter and I'd expect the same for the March qtr. It will be interesting to see just how much was lost in 2 weeks time.
Inane comments that you make just makes me want to rub more salt into your wounds.

Surging iron ore prices hit decade highs on rising steel demand

Apr. 16, 2021 2:30 PM ETIron Ore Futures (SCO:COM)By: Carl Surran, SA News

• Iron ore prices (SCO:COM) continue their climb to 10-year highs despite concerns over environmental restrictions in China, with Benchmark 62% Fe fines (TIOC:COM) imported into Northern China trading for $178.43/metric ton and Brazilian 65% Fe fines rising to a record $211.10/mt.
• "Steel margins in China are very attractive at the moment, so even with the restrictions in Tangshan, other producers have every incentive to try to increase operating rates," ING head of commodities strategy Warren Patterson says.

Worldsteel raises 2021 steel demand growth forecast to 5.8%

• A predicted growth of 5.8% in 2021 to reach 1.874bn metric tonnes.
• World steel production rose 4.1% to 150mt in February
• • Demand for steel is being driven by strong construction activity helped by record land sales last year particularly around new city clusters and extra-urban hubs.
  • Construction starts rose 28.2% yoy
  • Property sales / sqm rose 63.8% yoy
  • Funds raised by property developers rose 41.4% .

Iron ore pellets at US$271.50/tonne or AUD$350.82/tonne