Not disputing blending theory. But how? Assuming that Vale SSF is still the same as in 2006 (their product booklet on the Vale website is getting a bit outdated), you will need 4 parts SSF at 0.027%P for every one part IOH at 0.190%P to get down to 0.060%P.
It really hurts the economics, that's all. Luckily freight has come down recently. We will have to wait and see where freight goes once the market picks up again, and assuming Weeli Wolli is ever sold as product.
IOH Price at posting:
20.6¢ Sentiment: Hold Disclosure: Not Held
