Anyone who is considering selling Grange should take a look at this attached PDF.
Its the 30 year history of iron ore prices 62% grade and the exchange rate.
Note until 2008 the iron ore price was settled by the majors for 12 month contracts. It was around 2007-2008 that BHP changed the methodology to calculate the price.
Never in history has the iron ore price been this high and today the price of pellets is also at record high.
Scroll to the bottom of the PDF to see the latest prices.
The iron ore prices are all monthly averages
Pellet Price, page-540
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