Excuse my ignorance but don't they get $130/tonne for the whole product, which happens to contain 58% iron??
If you had a 63% grade ore, you could sell it for $140/tonne or whatever premium is justified??
That sounds a bit more commons sense to me....
big vol on fmg today, page-17
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$17.15 |
Change
-0.170(0.98%) |
Mkt cap ! $53.32B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.15 | $17.11 | $32.04M | 1.832M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3424 | $17.12 |
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| Price($) | Vol. | No. |
|---|---|---|
| $17.15 | 128 | 2 |
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