FMG produces lower grade.
They only got paid 86% of the 62% Platts Index last quarter.
With the index currently at 188.5$us/t, it means they are receiving 162.1$us/t or 208$au/t.
This gives them approximately a 188$au/t margin, which is still excellent.
FMG produces lower grade.They only got paid 86% of the 62%...
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