GRR 4.08% 25.5¢ grange resources limited.

I think its the shipping costs. I remember VMS (tasmania) said...

  1. 14 Posts.
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    I think its the shipping costs. I remember VMS (tasmania) said

    "The company, together with the broader market, also continues to experience a volatile shipping market, largely due to congestion in Chinese Ports, together with COVID-19 and political impacts, all of which have culminated in shipping rates tripling from US$18 per tonne since the Feasibility Study to around US$54 per tonne"

    I believe the difference between miningnut (198USD) and actual (153USD) is 45, miningnut factors in 20USD, at 54USD above, this represents most of the variance...

    Time to get into shipping....
 
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