Aussienorm, I would expect that FOB to coats SHD around $100 a tonne and with Iron ore costs currently $130 USD as per below and the AUD now under 90 US cents that in AUD terms increases the iron ore price and profit margin.
The benchmark iron-ore price is trading close to US$131 a metric ton currently, according to The Steel Index, which compiles regular data. "With today's exchange rate, it is A$143 a ton," compared with around A$127 a ton three months ago.
If the AUD keeps going down and the iron ore price holds up SHD will like all other iron ore companies make more profit. SHD says they will be paid in instalments once ore is at Darwin port which is good ongoing cashflow to fund transport,mining,staff costs etc etc.
They will make profit from the bulk sample i am confident
SHD Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
