Worth a read on the FEX report for all, just to see how other iron ore miners have done this qtr.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wm%2FyBf0v%2FF857FiGug%3D
FOB Costs were about US$68 vs FMG $28ish ( my guess), helps you realise one of the large advantages FMG has as a low cost producer.
They had issues realising a decent % of the platts 62% index, I think FMG's long term customers will also help us alleviate that problem, but do expect a similar bad result to last qtr.
Shipping is through the roof last qtr, luckily owning a few ships will offset that loss.
Iron ore price, page-42873
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