re: Ann: Iron Ore Price Agreement Opens Way f... IFE has not signed any deal with BHP. The announcement just says IFE will get the same price as BHP negotiates each quarter.
$50 a ton margin is however great news which equates to $100M margin per annum for the project which is shared $80M to IFE and $20M to TRF.
This $50 margin has already been highlighted here on HC and was pretty easy to calculate. However for most investors who need to be spoon fed this will probably be new news and a real eye opener for the potential of this company. Market cap is still less than 1 years earnings.
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