AGO
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0.00% 4.5¢ atlas iron limited

Iron ore bullish as Chinese futures surge, page-221

  1. Richie2013
    4,028 Posts.
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    07/11/16
    23:22
    Post #: 20435876
    At Current Fe 62% spot Price

    Fe 62% = US$67.43 = AUD$87.80
    0.8 x $87.80 = $70.24
    Costs = AUD$52
    Profit = $70 -$52 = $18
    16MT/Y =16 x 18 = $288 M
    It just keeps getting better and better!
    Last edited by Richie2013: 07/11/16
    AGO Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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