CRI critica limited
Add to My Watchlist 0.00% ! 1.6¢

Using FEX as a shipping guide:Therefore, it is clear the Iron...

  1. ShareBeers
    2,427 Posts.
    lightbulb Created with Sketch. 453
    clock Created with Sketch.
    21/08/21
    15:16
    Post #: 55467217
    Using FEX as a shipping guide:

    https://hotcopper.com.au/data/attachments/3495/3495016-e069530eee03c103d92f6cc526cbde85.jpg

    Therefore, it is clear the Iron Ore Price makes a big difference on shipping costs as for FEX:
    1. 62% Fe at average US$200 and Shipping USD$30.4
    2. 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.

    https://hotcopper.com.au/data/attachments/3495/3495028-47487ccf9037f74b0231b99048f8c07b.jpg
    Last edited by ShareBeers: 21/08/21
    VMS Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 26  Upvote
    lightbulb Created with Sketch. 3  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Copper and Base Metals Targets Confirmed at Minbrie with Drilling Ahead
right-arrow Created with Sketch.
HAR Maiden Drilling Program to Commence at Ibel South Gold Project
right-arrow Created with Sketch.
VMM Colossus PFS Unlocks World-Class Project Economics and Positions Viridis for Global Leadership
right-arrow Created with Sketch.
NEWS Gold Mountain Expands Anomalous Rare Earths Areas at Down Under Project
right-arrow Created with Sketch.
CC9 Chariot to Acquire Majority Stake in a Nigerian Lithium Portfolio
right-arrow Created with Sketch.
NEWS Modelling Confirms Exceptional Heat Sink Performance for VHD Technology
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
1.6¢ 		Change
0.000(0.00%) 		Mkt cap ! $43.15M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $1.44K 90K

Buyers (Bids)

No. Vol. Price($)
1 598427 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 4205762 14
View Market Depth
Last trade - 09.59am 10/07/2025 (20 minute delay) ?
CRI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.