65% Fe fines US$250.20/tonne pellet premium US$69.00/tonne
Iron ore Pellet price US$319.20/tonne AUD$426.69/tonne
The margin between grades goes even higher as pellets become even more sought after.
The margin gap hits another all time high as 58% grade vs. pellets is now US$158.00/tonne
The margin gap between 62% grade vs. pellets hits another all time high too at US$104.50/tonne.
Analysts are complete oblivious to the huge margin gap between grades and continually increasing making Grange the most profitable iron ore miner in Australia per tonne of iron ore produced.
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