Andy have a read of the Dec Quarterly Report, page 4.
Actual realised price received for the Qtr was 80.00% of Platts 62.0% fe index average price for the Qtr (20.0% discount )
Guidance provided going forward for realised selling price of 85.0-90.0% of Platts 62.0% fe (10.0-15.0% discount )
It could be that the IO grade mined is higher, they now mine & sell a "Fortescue Blend"
http://www.fmgl.com.au/UserDir/AsxAnnouncement/Fortescue Quarterly Report Dec 2014811.pdf
Time to go long, page-30
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$16.66 |
Change
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| No. | Vol. | Price($) |
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| 1 | 600 | $16.65 |
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