The current 65% grade iron ore concentrate is US$130/tonne or AUD$188/tonne.
The margin is slipping however its most likely close to the bottom.
Still making OK money
A$188 - production A$20 - total transport A$108 = A$60/tonne less royalties and management costs.
On 365,000 tonnes pa should equal $20 million pa profit, most likely worst case scenario.
The concentrate premium is holding up rather well.
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