66% Fe CFR China still at US$100/t
https://do not advertise external s...fter-release-of-winter-restriction-plans.html
That's US$72/t FOB Sept-Iles which equals CAD$93/t
If this iron ore price holds in Aug/Sep, then based on an average of 1,850,000t sales per quarter, earnings could come in at around CAD$170 million for this quarter.
They have a lot of first year expenditure/outgoings but will still be adding to their cash position.
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66% Fe hits US$100/t, page-2
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