"By the way, US$76/t is for 62%Fe. Atlas cops a discount of anywhere between 15% and 20% for their 58%Fe. You will also need to factor exchange rates, etc... Leave you to do the math, maybe your A$100Mpa is conservative!"
I'll do the maths:
$76USD at 80% at $0.71 exchange rate = $85.6AUD
Isn't that good?????
I'll let you do the maths and the thinking.
I think we have all missed the gold (IO) rush for AGO, look at the latest IO futures pricing which has gone from about 430 yuan to 530 yuan (23% increase) since the MIN TO. I think HPPL was counting on this happening. Even I predicted this as IO normally has a surge from about Oct to Mar each year relative to the base price at Oct:
Ann: September 2018 Quarterly Activities Report, page-10
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