Iron ore price, page-10629

FYI:
Platts January Averages 62% US$76.03; 58% High AL US$49.56; Discount 35%
Platts February Averages 62% US$87.33; 58% High AL US$62.07; Discount 29%

Yesterday:
Platts 62% US$84.80; 58% High AL US$67.90; Discount 20%
Platts 62% US$84.80; 58% Low AL US$77.00; Discount 9.2%

FMG 56.7% is roughly US$67.90 ATM
FMG 58.3% is roughly US$77.00 ATM

I have the following estimate:
January: FMG overall discount 28%
February: FMG overall discount 23%
Yesterday 14% discount overall.

No wonder FMG is returning a lot of money to shareholders, at 20% discount, FMG is generating around US$500M of cash flow a month ATM.

DYOR
Frank