MGT 16.7% 31.5¢ magnetite mines limited.

yeah that's true, but in our situation we are in a very good...

  1. 75 Posts.
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    yeah that's true, but in our situation we are in a very good spot. Even if iron ore drops to $80us/t, we would be operating at a cost of $54/t and selling at approximately $15-30 higher than market 62% price, at around $95-110/tonne. Therefore our profit would still be 100%, can't be mad about that.
 
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