With your statement of "with the 62% Fe iron ore price at USD$144 today (FMG receive approx 85-90% of this spot price for our lower grade ore)"
you are misleading the readers, according to 3 company quarterly reports here are related details:1Q22: 73 per cent of the average Platts 62% CFR Index
2Q22: 68 per cent of the Platts 62% CFR Index
3Q22: 70 per cent of the Platts 62% CFR Index for the quarter (68 per cent in Q2 FY22)
PilbaraBoy, I strongly recommend you to read the company announcements.
next dividend, page-55
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