Using FEX as a shipping guide:
Therefore, it is clear the Iron Ore Price makes a big difference on shipping costs as for FEX:
- 62% Fe at average US$200 and Shipping USD$30.4
- 62% Fe at average US$167 and Shipping USD$21.3
For 62% Fe at US$140, what do you think the Shipping costs will be?
VMS PFS has shipping costs at USD$19.74 (AUD$29.03)
There will be an adjustment for distance from Perth (FEX) compared to from Burnie (VMS) and apparently due to a smaller ship but how much difference?
Clearly, the dominate factor is actually the Iron Ore Price.
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