Emailed Rob yesterday regarding fuel cost effect over the past month. He came back to me very quickly and said the jump in diesel will add between 5 and 10% to our costs. Seeing that the cost per tonne was $90 last quarter and shipping costs have fallen a minimum $8 per tonne, the rise in fuel will be offset by the savings in shipping. Combined with the iron ore price on a tear this past few months we should have a very solid quarter. Stock as we all have alluded to is cheap! BUY
Price of Iron Ore, page-1138
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Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
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