I don't think so.
The first calculation is to get from wet cost to dry cost i.e. $41 to $46 wet to dry.
The second 15% reduction is to get from IO spot at 62% grade to FMG's dry price at that grade i.e. 85% of average spot at US$74/t equals US$63/t.
That's from my understanding now.
At least FMG quote their selling price without us having to do that calculation.
I don't think so. The first calculation is to get from wet cost...
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.14 |
Change
-0.540(2.61%) |
Mkt cap ! $62.11B | |||
| Open | High | Low | Value | Volume |
| $20.18 | $20.38 | $20.02 | $92.20M | 4.565M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 5415 | $20.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 6833 | 13 |
View Market Depth
| Last trade - 11.40am 01/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |