Yeh, I know right !
96 % of all iron ore exported out of Australia is " Hematite" and those producers are getting about $83. So they look at Grange and see it's costing us $86, and assume we are exporting at a loss and then say that they are surprised that the company is paying a dividend. !
Only to overlook the fact that we are indeed the leading exporter of Magnetite pellets at $133 and making an absolute motsa. Idiots.
10% yield - only IO Junior to pay dividend, page-62
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