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1.4¢ tombador iron limited

Iron ore price, page-5

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Jezzalenko30

613 Posts.

158

05/01/22

12:51

Post #: 58654438
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Originally posted by Jenkstar: ↑

I wonder how much of our lack of sales is down the Trafigura, TI1’s export marketer? With adequate ore stockpiled at port and the price of 65% Fe ore at around $US145 or $A195/t, a 38Kt vessel would earn around $7.4m in profit as the cost of production is already sunk.

Does anyone know what Trafigura’s cut is? I assume they are taking a % off the top of any deal; is it 5, 10 or more?

Really looking forward to the Dec Quarter update. Hopefully it will provide more clarity about the future and an indication on direction of potential NPAT and of course potential for a maiden dividend in March or June.

With resurgence in IO prices, I would have thought we would have seen SP kick up, but the lack of clarity around sales and sale price relative to benchmarks is holding us back. Still think TI1 is cheap anywhere below 3.5c.

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I thought Trafigura were buying at the 62% price and keeping the 65% premium themselves? Or have I got my wires crossed somewhere?

TI1 Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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