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Crap mate, have a look at the Quarterly report financials and...

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rocket973

4,695 Posts.

295

06/09/18

09:39

Post #: 35440537
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Originally posted by 42trader ↑

IOR are not selling at market prices but negotiated prices. IOR produces a premium product that has been given the thumbs up from JWS and BMM at negotiated prices suitable for direct feed into furnaces without the need for pre processing to remove undesirable content. We know the starting negotiated price was at AUD$65/ton. Since then a higher price point has been negotiated which has not been disclosed. At $65 it was modeled to have a profit of AUD$28-30 per ton.

If negotiated pricing hold around that number and production costs may even come down a little with larger volume then around the $30ton profit is not pipe dreaming at all.

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Crap mate, have a look at the Quarterly report financials and you'll see how much IOR is getting.
Who cares about modeling, all I care about is FACTS. The fact is IOR is getting around AUD$46/tonne
Plus please give the link to the document which states what you've said.

IOR Price at posting: 9.1¢ Sentiment: Sell Disclosure: Not Held
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