Price of Iron Ore, page-1688

MGX stopped mining Shine in 2021 due to low price of ore below 60% IO, increased penalties for impurities and high shipping cost.
At the time 58% IO price was about us$77 p/t, a gap of 25%-30% to 62% IO, currently 58% fines us$101 p/t.
Shine has high SiO2 at 9.5%, can't find the discount then or now.
Shipping cost, then above us$30 p/t, for the last 6 months ave just below us$20 p/t.

Shine impurities SiO2....9.5%.....Al2O3.....1.53%......P......0.071%.
Iron Ridge............SiO2....3.26%..Al2O3......2.57%......P......0.046%.

A blend of 1 Shine and 2 Iron Ridge......SiO2.....5.34%.....Al203.....2.22%......P.....0.054%.

As the Chairman has said Shine is shovel ready, nearly 3 mill tonnes of overburden/waste has been removed.
The mine is 185 k from Mullewa and 300k from the port. AIMO.