GRR 1.49% 33.0¢ grange resources limited.

Thanks Auto, Sorry I misunderstood what your were referring to....

  1. 216 Posts.
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    Thanks Auto,

    Sorry I misunderstood what your were referring to. The ore is sold FOB Port Latta, meaning the buyer pays for transport costs to China (or whatever location shipping to). The previous qtr saw aprox. $15-$20 AUD discount to the spot price realised. The average for the Dec QTR was $161 AUD, we saw an average of $155 realised for the last QTR.

    So your advice regarding the FOB price seems pretty spot on in terms of the discount based on the above.

    Cheers,

    JB
 
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