I feel like VMS is an interesting one but haven't followed closely. Grange also ship from Tasmania and quarterly report will be out next month, I suspect they are not paying that much and VMS were paying through the nose as were shipping through a port that is really for exclusive use of Grange. I suspect you are right and Geraldton costs aren't as steep.
To answer my own question on the price were FEX may stop or scale back shipments, the feasability study envisaged shipping costs being USD13.5/wmt and didn't conduct sensitivity analysis. It seems from feasability study our breakdown cost is around USD96 and given operating cost of AUD86 (usd 60.27), our seafreight maximum is around usd35.
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