I agree,there is so much nonsense made about what the IO price is doing on a hourly basis.
The reality is ,the actual received price is also depdendent on the impurities present in the ore,special marketing deals,etc.
Its a guide only and after each production report we get the ore sold and realised price.Historically it sits somewhere between the IO 58% and 62% depending on macro economic conditions.
The good news is we are doing well with costs,production and marketing as i'm sure the 3 month report will state ,record comparible quarter numbers in April.
Gordy
Iron ore price, page-44298
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