re: Ann: Wilcherry Hill Project Feasibility U... "It was mentioned because the IO price that gets quoted regularly and is mentioned in the announcement is the price landed in China. IFE have to explain what their freight costs are and why they are getting less than the forecast CIF price China of $US140-150 pt."
Likely FoB Cost to Buyer = AUD $110-$125 per tonne
Freight Cost to Buyer = AUD $35-$40 per tonne
Total Start Up Cost to Buyer = AUD $145-$165 per tonne
2011-2012 IO Price Forecast = USD $140-$150 per tonne
Where does the buyer make its margin at the current AUD-USD exchange rate?
Stagman
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