Seabourne IO 62% FE up to $ 124.8 from $123.1USD up $1.7 or + 1.4% DOD - This day last year it was $78.5 USD representing. a massive +59% or + $46.3YOY
Profits this year will Dwarf the 2nd half last year by a significant margin.
I might look at the USD : AUD rate differentials for a the same time period last year to gain another angle to understand revenue generation.
We are heading back to absolutely massive margins again.
Iron ore price, page-25034
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