Re:Iron ore--'fontenay' is pretty accurate. This first shipment had a value of US$7.9m for dry weight of 54500t=$145/t They propose to ship 1mt/ann with possibility to ramp up to 1.4mt/ann Opex varies between announcements quoted in US$ then in A$. Anyway OPEX as stated is A$61.50/T @ $ parity leaves A$83.50 X1MT/AN= sure you can do the maths,and factor in higher iron ore prices and an increase to 1.4mt/an
It's all in black and white in Moly's ann's
MOL Price at posting:
$1.10 Sentiment: None Disclosure: Held