"During the quarter, Grange has secured term off-take agreements to sell products from 2019 to2021 using benchmark 65% Fe fines index for pricing its iron ore pellet. Adopting a 65% Fefines index as a basis for pricing iron ore pellets is a good achievement for Grange and animprovement from the existing 62% Fe fines index + Fe content adjustment factor."
This is the best part of it as I read it, 65% index as pricing basis will provide more reliable Pellets price to be anticipated.
By the way a $9.13 millions increase of cash for the quarter is better than I expected.
Ann: GRR - Quarterly Report for 3 months ended 31 December 2018, page-3
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