io 2010

Read in a article not long ago that some experts are saying iron ore to go up 20-30% this yr for 63.5% Fe grade.
at the moment its hovering at $100-110?
If the prediction is a reality we are looking at $130-140 US
Nsl came out with its estimates of costing $33 per tonne and gaining $27 profit at selling, based on iron ore prices at $60 for 58% fe grade.
we can now put that $60 to $90 bux at least...
therefore they will be gaining $57 per tonne selling

200,000 x 57 = 11.4 million USD or 13-14 million AUD profit, from its first contract.