As a pricing guide, I've been watching the Iron Ore fines 65% price - US$240/t +2.6% yesterday (Offshore export price Brazil to China).
Who knows what will happen over the next month, but this price equates to approximately US$229/t for 62% and a likely guide to what we may receive.
On this number, the July 30,000 tonne maiden shipment would deliver circa US$6.87m cash flow, or approx A$8.9m (@AUD77).
A pretty handy addition to the bank balance!
Regards,
Pihrana
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