Would it be fair to say that the magnetite pellets end product is not 100% iron content and there is varying degree of impurities based on the ore and process? I remember reading or listening somewhere that the Savage River pellets are of higher iron content than the industry standard but I can't find it in print.
So at say 130% pellet price rise does not immediately reflect on that much profit growth. How would one value the SP based on a projected profit?
yum yum, page-13
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