what im trying to say is youre paying for the dirt and the iron quality in the dirt as a whole - thats the lump ore $140USD price.....so you dont multiply the 140USD by 60%
am i right or wrong???
Ive been thru this b4 on the ironore thread and we established that the contract prices settled by bhp/rio/vale of 100 odd dollars is for the highest quality ores. you dont multiply that price by the iron content. Youre paying 100 odd US dollars for the dirt which contains the highest iron content
the lower the iron content in the ore/dirt, the lower price youll get for the ore/dirl as a whole
can someone plse confirm?
lets work out fmgs cash flow, page-24
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