Giz,
Rob estimated at RRS presentation back in Nov all in costs inc shipping to China between $105 - $110 AUD, so at current price of 62% fines at around $218 AUD and more for 64% Lump.
I don't think the price of Diesel has risen much since then as transport to port is 65% of costs, I'm sure some of our more learned friends would be able to pull those figures out quick smart to see where we sit, but the AUD has gone up since November, so I think that would probably balance out pretty even, and if not the margins would still be just out of this world.
Talk about cash cows, the market will wake up when the next quarterly comes out.
So under valued and I will buy many more as funds come available.
Cheers BK14
Ann: Iron Ridge reaches steady-state production, page-73
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