Is Karara now profitable ??, page-2

Sales The realised price for Karara magnetite concentrate is represented by the published benchmark assessment of the spot price of a standard specification of iron ore fines with 65% iron (Platts IODEX 65% Fe), less a discount on 3rd party sales and adjusted for its higher iron grade relative to the benchmark (September 2017 Quarter – average of approximately 65.7% Fe), less standard penalties for impurities. The average realised CFR2 price for the September 2017 Quarter was approximately AUD $105.12 per DMT3 on provisional basis (June 2017 Quarter: approximately AUD $95.30 per DMT)

A total of 32 shipments were completed by KML from the Karara Export Terminal at Geraldton totalling approximately 1.851 million DMT of magnetite concentrate. Magnetite production grade quality during the September 2017 Quarter averaged 66.0% Fe

As stipulated in September qtr results above KARARA averaged 66 % for its concentrate and recieved on average for CFR2 in SEPT 2017 $ 105.12 DMT .

If we consider where the higher grade prices for product have gone since sept 2017 qtr one would assume that the amount KARARA is receiving now for their product is better still ???????????????????

8,500,000 x ( $$105.12 - $ 64. cost ) = $ 41.12 = $ 349,512,000

Since sept costs possibly down further
possibility that iron ore could crack $100 per tonne
66 % grade ???????? $ 130 ???