More importantly, VMS only need Iron Ore price based on PRATTS to be US$90 to be profitable and Andrew was just hoping for US$100 and now US$176.90; getting a bit crazy.
I just noticed PRATTS pricing is based on PRATTS SINGAPORE; so makes perfect sense why VMS off take agreement is with a Singapore company
Go VMS!
VMS: Riley Mine in TAS / Iron Ore Analysis, page-40
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