On the $105 price, the only info I've found is from p6 of their last quarterly report: "The OTA provides for industry standard adjustments for Fe, Si and any other applicable variances from the Platts Index specifications. Accordingly, the realised CFR price is less than the headline CFR62 price due to these industry standard variations to index specifications. In addition, WDR is paid a premium for its lump products."
and
"The average CFR sales prices realised for Roper Red during the quarter was AUD$105 per dmt in accordance with its hedged rate, grade and impurity penalties as outlined above. This was heavily impacted by the abnormal divergence between 62% Fe indexes and 58% indexes driven by lack of liquidity in Indian ores due to imposed export Tariffs, which has subsequently been rectified in the June quarter."
The Noble OTA terms are confidential, so can't find more info there.
My understanding of the above is that because the shipped ore was ~60.2%, it was sold at some average of the 62% and 58% price, which was unusually low in the period????
WDR Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held