Use wmt if you want, but to make a meaningful comparison Platts 62.0% is based on Dry, therefore we need to calculate the cost per Dmt to make the calculation meaningful.
I am happy with the cost side, it's the discount (eceive 85.0%-90.0% of 62.0% Platts), if the 15.00% discount is too low then the margin and cash flow changes as well as their break-even point.
I fail to see your argument, if sales are based on dry you cannot use wet as the cost, unless their is no cost difference between dry & wet, from what I understand their is a cost
FMG Price at posting:
$2.18 Sentiment: Hold Disclosure: Held
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