twig dogs mates might be getting pay cuts. cant imagine that kind of cap being to warmly welcomed by the chinese ore and steel barrons. but could be great for the peasant's doing actual work in the blast furnaces and ports.
$106/t @ 87% realised price is ~$92/t.
less $17.50/t leaves $75/t profit before royalties and cap ex.
i think this should be back at $28.50 soon.
Iron ore price, page-52774
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