1) The price relationship between the Metal Bulletin 58% Premium standard and the Platts 62% standard isn't constant itself. ie Some years and in some periods the MB 58% Premium has a bigger discount against the Platts 62% than at other years and in other periods so probably better from an estimation point of view (when we actually care about estimating FMG's realisation) to use the Platts 62% and use a high and low value (to get a range) for the discount against that.
2) 44MT is too high for a quarter in my opinion. 168mt/4 = 42MT. About 2mt of FMGs 168mt in FY16 was from the joint venture which is no longer operating with BCI. Unless there is new info I don't have I expect 42Mt rather than 44Mt would be closer.
1) The price relationship between the Metal Bulletin 58% Premium...
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$18.44 |
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Mkt cap ! $56.77B | |||
| Open | High | Low | Value | Volume |
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