Spot US$70/t. AGO's iron ore at 77% and FX at $0.77 mean AGO's price in AUD will be $70/t. Margin: $70-$50 = $20. $20 * 4mt/qrt = $80mln in Free Cash Flow per quarter.
BOE Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan