Hypothetically speaking, if Riley were to restart tomorrow, how long would it take to get another 45k tonne ship loaded? 45-60 days?
I understand that the low grade Fe is still trading at a significant discount to the 62% Fe (40+% discount! - stock_head_com_au/resources/bulk-buys-the-discount-for-low-grade-iron-ore-is-growing-how-long-before-it-is-baked-in/). I don't have access to FastMarkets Metals Bulletin for MBIOI-58, but if someone can share a recent price, that would be great.
The shipping index has significantly improved since the first shipment:
We must be getting close for a Riley restart (high iron ore price and more favourable shipping costs, but poor discount for low grade)
From https://hotcopper.com.au/threads/ann-riley-mine-update-following-completion-of-first-shipment.6291647/
Time Required for Next Iron Ore Shipment from Riley?
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