Grange's iron ore pellets A$320/tonne as the grade gap widens

Grange Resources GRR makes the highest profit per tonne on iron ore.
The market doesn't realise that Grange Resources is now being paid the highest price for iron ore pellets at AUD$320/tonne as the gap widens between 62% grade v 65% grade v pellets.
The gap between grades widens.
Today the iron ore pellet price is sitting at US$242.30/tonne whereas 62% fines are US$160.70/t, the gap between the two grades is widening every day.
A difference of US$81.60/tonne.
Prior to Xmas 2020 (23rd Dec 2020) the difference between 62% grade and 65% was US$14.50/t, today its US$28.10/tonne. ( nearly double).
The 62% iron ore price is back to same price it was before Xmas whereas the iron ore pellet price is US$47/tonne higher.
The iron ore pellet price is now noticeably more.
Prior to Xmas (23rd Dec) the 65% iron ore price was US$175.80/t and the pellet premium was US$29.30/t giving a total of US$205.10/t.
Today its US$188.80/t + pellet premium US$53.50/t = US$242.30/tonne.

I mention this as Grange Resources is the only company in Australia thats producing iron ore pellets at US$242.30/tonne plus an extra premium thats not been disclosed.
Market announcement
“Grange continues to deliver into secured term offtake agreements realising higher prices for our lower impurity and high-quality products. Grange has fully allocated all of 2021 production through offtake agreements at an additional premium above the 65% Fe fines and pellet premium indices. This demonstrates the continued strong demand for Grange’s high quality and low impurity products. “

Currently Grange Resources makes AUD$200/tonne in profits for each tonne thats sold which equates to AUD$100 million profits/quarter before tax.