IO at US$70/tonne and AUD at .70c to USD plus a US$40 pellet premium = AUD$157/tonne or ( AUD$140 ie less shipping)
If that happens and GRR keeps costs under AUD$90/tonne and 2.5 million tons of pellets will mean a profit of AUD$125million pa.
Might be dreaming
GRR should Capital Return!, page-16
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