That's not correct.
At the sub 60% mark both Rio and BHP have pisolite, a high grade Yandi with high LOI but low impurities, and Rio has a lower quality Robe River product, but the bulk of what they do is higher grade. Which is why both companies do much better than FMG on a margin basis.
BHP Yandi likely to be replaced by higher grade from Southern Flank in around 5 years (or thereabouts).
Iron ore price, page-819
-
- There are more pages in this discussion • 7,101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |