FMG 2.49% $20.17 fortescue ltd

Someone can correct me, but my understanding is that the...

  1. 902 Posts.
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    Someone can correct me, but my understanding is that the received price was $63/dmt (84% of the 62% Platts) incorporates the difference in grade compared with the benchmark price.

    Then you add $5 to convert from wmt to dmt, and you have:

    Costs at $46/dmt
    Price at $63/dmt

    Margin at $13/t

    EDIT: You beat me to it!
    Last edited by Robot42: 29/01/15
 
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