I was being conservative using US$120 per/t but realistically we should be getting a very good premium for 66%fe lump. You'd think around or north of US$150 per/t (AU$200 per/t) is realistic going by the prices in link below.
https://www.hellenicshippingnews.com/mmi-daily-iron-ore-index-report-october-28-2021/
Ann: Second Iron Ore Shipment from Peru Completed, page-8
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