For FMG which is currently selling only fines, you would need to look at the yearly benchmark price for fines of US$144.66/dry metric tonne.
In order to obtain a realised price this number is multiplied by the iron ore grade (FMG ~ 60%), adjusted for moisture content (multiply by one minus the LOI), then divide by the exchange rate.
If you assume 60% Fe, 10% LOI and 0.85 USD:AUD then the price of each tonne of ore is approximately $91.90... off which you have to deduct impurities penalties if applicable.
Cheers
UIO
lets work out fmgs cash flow, page-28
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$22.10 |
Change
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Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
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| Price($) | Vol. | No. |
|---|---|---|
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