Can someone explain to a Iron Ore newbie why FMG has not entered the Iron Ore Pellet space if its more profitable per ton. Is it because you need a higher grade of IO that we dont currently have or is it some other reason. I am sure with Andrew F expertise in this space and a expert in crunching the numbers for investing in a return he would of made the jump if it would of been cash positive in the long run.
Iron ore price, page-31887
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