Schmunzel,
The point I was making was that GXY was not getting the price it wanted for sub 6% product and was forced to stockpile it in the hope of getting a higher price at a later date. This may or may not happen. Certainly the inference in the Q&A was that the "customer" i.e. one customer didn't want to take delivery at that time. Apparently no other "customers" could be found to take delivery either.
FMG can be channelled on this one too. In a falling Iron price they were absolutely slaughtered on the realised price price for their sub 62% product.
P
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