Ok Travvo88 here's the figures :
Sep16 Quarter A$56 realised price IOP US$58.55 USD/AUD 0.758 discount 27.5%
Jun16 Quarter A$57 RP IOP $55.71 0.746 discount 23.5%
FY16 A$55.47 RP IOP $51.37 0.7283 discount 21%
FY15 A$59.96 RP IOP $71.39 0.8382 discount 29.5%
So point taken. Thanks for the hedging info.
Iron ore price, page-686
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