Iron ore price, page-4

Yes mate, the current IO is really cheap. Considering the IO price when they shipped the 4 vessels, equals to around USD 25 M in revenue. If we assume 50% profit, that will add another USD 12.5 M or AUD 17.5 M to their cash. Totaling AUD 45.6 M, almost 65% compared to MC.
Don`t forget that they stockpiled and ready to ship some IO. Currently, I am waiting to sell my stock in other company to accumulate more on TI1. Hope I can get another 100k or 200k prior to price surging due to quarterly report or dividend announcement.