Rc,
Dec average io price was well over $70.0mt, your spreadsheet would confirm this
So far Jan average seems to be $78.0mt plus, if not closer to $80.0mt, and we are half way into the month
Quarterly production Report plus continuing stable io price will surely see the sp reach $7.00
even if you discount the 62.0% fe by 25.00% to cover the discount for Grade (12.00-15.00%) and moisture content ( keep on getting told this is around 8.00%)
Then realised price for Dec based on $78.0mt 62.0% = $58.50mt less $28.30 all up cost = $30.0mt
@14.1mt = $430.0m cash (more likely $480m-$500m)
Iron Ore Price, page-16499
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