Just need to remember profit is taxed , but aside from that most of any increase in the price of pellets goes to the bottom line as production and other costs are fairly stable..
Cheers Whisky
With regard to C1 costs:
(1) Note: “C1” costs are the cash costs associated with producing iron ore products without allowance for mine development, deferred stripping and stockpile movements,and also excludes royalties, sustaining capital, depreciation and amortisation costs.
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