Ann: Acquisition of Mid-West Iron Ore and Port Assets, page-79

I think a lot of people are missing the pricing and discount for the 58% grade with the high silica content.
Cut off is 50%

Once people work out the CFR price, they need to be able to deduct the shipping price.

I know in the ann john memtions blending it, but even that is a bit of a stretch to even bother.

Truth be told, iron ridge ore attracts a discount because of the sislica in the ore.

However, noting the above, fex would be down to the higher levels at the mine at Iron Ridge.

In other news, it looks like SCN is looking for lithium on the pharos tenements. One would hope john hasn't fallen asleep here as SCN doesnt care for the iron ore on their tenements and fex better get a move on to secure the land mass to construct a mine before it is taken up by a lithium project.

Lets not forget he has already paid them for no return so far.

Rooks