You need to convert the freight costs to AUD, currently shipping is about $41-42 presently.
Learner, the Gwr ore is above 62% so you have allow extra for the premium grade plus lump.
In the last Ann. Gwr stated they are reviewing the whole operation to reduce costs, it should be remembered that the ramp up will be the costliest and production rates should also improve.
I still think there’s around $20/t profit, $1M + per ship.
Really need the eofy numbers when there released to understand the full costs.
Ann: C4 Iron Ore Deposit - Production Update, page-71
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