Here is a PDF that gives you an idea on the premium that the concentrate pellets bring at 65% FE (still $113 per tonne) so its a lot higher quality then your average 62% FE and as such demands a significant premium.http://www.google.com.au/url?sa=t&rct=j&q=iron%20ore%2065%25%20fe%20spot%20price&source=web&cd=2&ved=0CDsQFjAB&url=http%3A%2F%2Fwww.metalbulletin.com%2FAssets%2Fpdf%2FMBIO%2FDaily_Iron_Ore_31_august_2012.pdf&ei=relFUIbaGs-TiAfIpYGAAg&usg=AFQjCNFa7EMtTsHr5WF01A22QXNRy66ebwSLE