Sorry I should tell you how I got those numbers and you can tell me where I went wrong:
Q1: 43.8 wmt @ US$48.36 /dmt
Q2: 42.2 wmt @ US$64.87 /dmt
So total is 86 wmt @ US$56.46 dmt
So if we get 8% moiiture, then Revenue is 86 x 56.46 x 0.92 = US$4.46B
and if we get 9% moiiture, then Revenue is 86 x 56.46 x 0.91 = US$4.42B
DYOR.
Frank.
Iron Ore Price, page-17990
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