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.
CUF CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks