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
For FMG which is currently selling only fines, you would need to...
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Last
$21.67 |
Change
0.040(0.18%) |
Mkt cap ! $66.72B | |||
| Open | High | Low | Value | Volume |
| $21.64 | $21.79 | $21.40 | $112.3M | 5.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31555 | $21.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.68 | 4937 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |