Ann: Director Appointment/Resignation , page-26

chelkn

educate me

why do you keep emphasising the 65.5% CaFe?

is CaFe related to the price received?

for example, for the Sept11 quarter, the BCI quarterly report states it received an average CFR sales price of US$145/t during which the Platts 62% fe index moved from a high of US$182/t to a low of $170/dmt

BCI seems like a pretty good company; there is no disputing their success; but does not the fact remain that the BCI iron ore is low grade, not receiving the full price for 62% fines?

as for WGO, what happens if they find 65% lump iron ore?

WGO would probably receive 35% more per tonne than BCI

is this not the difference between low grade & high grade DSO?

http://www.indexmundi.com/commodities/?commodity=iron-ore

Description: China import Iron Ore Fines 62% FE spot (CFR Tianjin port), US Dollars per Metric Ton