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clock Created with Sketch. 20/02/17
08:31
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Originally posted by Travvo88
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Pretty sure that there is actually 2.6Mt subject to some form of forward sales. Correct me if I'm wrong though. I interpret the below statement to mean that AGO expect to receive a price for their forward sales that is equal to their received price in the previous quarter (~A$70/WMT)Atlas is well-positioned to continue this performance in the March 2017 Quarter due to hedging contracts in place for many of this quarter’s shipments at prices equivalent to those realised in the December 2016 Quarter." "To assist in managing volatility in iron ore price Atlas has continued to hedge a portion of its forward production. At the date of this report, Atlas had swaps for approximately 1.5M WMT of March 2017 Quarter sales and 0.6M WMT of June 2017 Quarter sales at an average 62% Fe equivalent level of A$96/DMT. This compares to the A$94/DMT 62% Fe average price for the December 2016 Quarter. In addition Atlas has approximately 0.5M WMT of fixed price sales at US$61/DMT net to Atlas and cap/collars comprising 0.6M WMT with an average 62% Fe equivalent put price of US$51.50/DMT and a call price of US$62.5/DMT."
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shouldn't that be 84-70-times 4 mt
