Like the benchmark, both lower and higher grades also pushed higher during the session.
58% fines rallied 1.4% to $43.30 a tonne, marginally outpacing a 1.1% gain in ore with 65% Fe content which settled at $94.60 a tonne.
`Karara is presently sitting on a gross profit scenario of approximately $ 30.50 per tonne according to Macquarie research above , it appears it is consistently exporting between 8 and 8.5 million tonnes
$$$ 259,250,000 TURNOVER OF AROUND $$ 803,000,000
One would like to think that it is getting very close to a profitable position ?????
GBG Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
