Because FMG don't receive the 58% price. They receive a price based on a discount off the 62% price.
So it's nothing to do with pumping or down ramping, and all to do with relevance.
the discount is often unknown until quarterly reports, so the 58% price has relevance too, but that is more as a guide than anything.
Iron ore price, page-43683
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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