The fines value relates to much of the product Atlas sold in the last few quarters. AGOs strategy was to maximise the sale of the fines product while prices were elevated. Generally they would fetch about a 10% discount to the 58% fe price.
The mine that is now being decommissioned is of a much lower grade than mt Webber. I don't know for sure what they are getting right now exclusive of hedging but 10% discount from the 58% fe price is a reasonable estimate.
AGO Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held