TTY 0.00% 49.5¢ territory resources limited

From Rimtalays post "While on the lower Fecontent a deal was...

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    lightbulb Created with Sketch. 1945
    From Rimtalays post "While on the lower Fe
    content a deal was reported for lump material at $130/dmt CFR China,
    85,000dmt, Fe 58.1%, loading July 1-10."

    That would mean only ($130 *.58) = US$75 a ton for TTY ore ? Is that correct as from memory its only around 58% Fe.
 
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