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3,056 Posts.
1841
17/01/18
11:33
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MGX are saying they sold 0.84wmt - 0.48wmt of lump, 0.3wmt of fines and 0.06wmt of low grade lump.
They say they got US$21/dmt for fines which is about A$25/wmt using 78c AUD and 6% moisture content. This equates to $8m revenue for fines.
They also quote A$48m FOB revenue for the quarter - which means the lump and low grade lump must have achieved revenue of A$40m.. which is A$74/wmt.
Something doesn’t quite stack up.. with lump getting 3X the fines price...
I’m expecting atlas to get A$46/wmt for their fines.. based off the benchmark and relevant discount..
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