Iron ore price, page-46923

JP Guru. You are not a guru.
"fmg only sells 58 grade". But it doesnt. You are factually incorrect. FMG doesnt actually sell any 58 grade.
Fmg sells a range of grades with more goethite and less hematite than rio and bhp hence a bit lower grade. 58% Fe is used as a simple proxy for FMG product but FMG doesnt sell that. The 58% benchmark is a guide only.
JPGuru if you insist on remaining on this forum pretending to be smart then at least do us the courtesy of being accurate.

And btw....FMG generally gets better than the 58% Fe benchmark pricing because its products have excellent sintering properties. And the grade discount is very low right now so FMG us absolutely rolling in cash. I bought my FMG shares a few years ago. Since then i have recieved more money in dividends than i paid for the shares and the shares have more than doubled in value. I think the truly smart people are owners of FMG shares not the critics.