I know $200/t usd was there for short time when they start operation but there were many instance iron price was over $150/t USD.
As per Release Date: 27/07/21 08:35 Summary: JWD Update - Offtake Contract Executed announcement ( https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq%2BzRXxv%2FF887FiGug%3D ), the company made offtake agreement with Glencore for first shipment and at that time iron price was at peak around $200USD/t and 117USD/t on Oct 2011. It is possible profit made through first shipment was paid for US$7.5m prepayment facility.
I know $200/t usd was there for short time when they start...
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