Seabourne IO 62% Fe fines up to $118.10 from $117.20 an increase of 0.90USD or 0.8% DOD. This day last year the price was $83.15 representing a 42% increase YOY!
Nice little gain expected across the range today.
With this price stability ( & current SP of $16.55) perhaps we might see a half yearly divy of 1.2 + or $1:71 grossed up.
If these prices continue through next year & Aud doesn't change more much ( it shouldn't with QE) and we payout at the top of our range we might end up with a $3.4aud grossed up divvy around 20% yield. At least that's what my projections are telling me. All of this seems very reasonable given vaccinations on the horizon & the US election almost behind us.
If this doesn't get the big buyers interested in this they are crazy!
Iron ore price, page-24933
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