Ann: Atlas set for stronger future after raising $86m, page-76

BHP received just $53/tonne before shipping costs for its high grade iron ore during the last half.

Multiple Choice Question 1.

Atlas Iron receive the following price for iron ore

(a) more than BHP
(b) less than BHP
(c) doesn't matter "coz we're avin a go"

Multiple Choice Question 2.

BHP is targeting production costs of $16/tonne, what will this do to the iron ore price?

(a) hold it down so that normal rates of return are provided to the dominant producers
(b) drive it higher because every consumer wants its supplier to make super-normal returns whilst it suffers
(c) doesn't matter "coz we're avin a go"

If you answered (c) to the above, please remember to tip the waiter when you finish your $7 coffee on St George's Terrace.