For the second session in a row, 58% fines topped the daily leader board with the price settling at $60.44 a tonne, an increase of 6.8% following a 9.2% gain on Wednesday. It too sits at the highest level since March 2017. Its price discount to the benchmark also narrowed to the lowest level in over two years.
Based on quarterly report realised price was $48 mt
Assuming costs remain constant, C1, shipping, dollar etc
and IO price for 58% is around $60 the extra $12 Mt should deliver @ 14 mt per month additional profit of $170m each month. Or $500m each quarter.
Am i missing something?
amy per
Ann: Quarterly Activities Report, page-37
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Last
$21.52 |
Change
-0.100(0.46%) |
Mkt cap ! $66.25B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.61 | $21.25 | $97.49M | 4.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3904 | $21.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.54 | 4837 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |