iron ore price, page-44

Hardmano,

Basing it off published prices from the Chinese ports. The discount used to be about 12.7%... Since last year, Atlas ore gets about 10CNY more relative to the movements in the spot price. The discount used to be 12.73% and on Friday, the discount had reduced to 12.42%. So you're right that we do get "materially lower discounts"... about $15 mil per year extra to the bottom line.

er6n,

The person to "successfully" argue with me on numbers hasn't been born yet!

Bonehead,

I <3 you