Confirmation they are losing a lot of money on iron ore
Based on Platts at USD 47
Realised price AUD 51 and cash cost AUD58. Both CFR, dmt basis
On current iron ore market , last night Platts USD41.61 , then I calculate current loss is AUD15 tonne.
x 9million = AUD 140 Million per annum
they need to close this down to stop the bleeding & before the bankers say enough is enough
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