'nicolelee'Re:Iron ore--'fontenay' is pretty accurate.This first...

'nicolelee'

Re:Iron ore--'fontenay' is pretty accurate.
This first shipment had a value of US$7.9m for dry weight of 54500t=$145/t
They propose to ship 1mt/ann with possibility to ramp up to 1.4mt/ann
Opex varies between announcements quoted in US$ then in A$.
Anyway OPEX as stated is A$61.50/T
@ $ parity leaves A$83.50
X1MT/AN=
sure you can do the maths,and factor in higher iron ore prices and an increase to 1.4mt/an

It's all in black and white in Moly's ann's