lets start afresh, page-22

yep theyll get 59% of the spot price as this is what it says in the broker report on their web-site.

I dont know why they only get a % of the hammersley fines??? Maybe got something to do with the type of ore they have???

Still, costs are so low that it should be fine even if price of iron ore goes back to a long term avg price of 70USD or so.

If anyone can get information as to WHY they get a % (equal to their grade of ore) off the hammersley fines it would be greatly appreciated.