jorc out , page-30

im confused, i thought thre iron ore price is circa 100USD for lump .

FRSs costs are circa $45AUD/tonne; WPGs is $55AUD/tonne . Both these have similar grades to YML.

the net price should be the lump pre price in AUD minus all costs.

So for WPG

100USD *1.15 (currency) = 115AUD

115AUD - 55AUD costs (all mining and logistics) = 60AUD per tonne.

why are you saying theyll only get 68AUD per tonne???

are you taking the hammersley price (100% FE) and taking the percentage of grade of the ore off it like AXO for its (titano) magnetite?

E.g 115AUD * 58% FE for YML = $67/tonne???