Hi Aqua,
As I've just posted, the FOB Sept-Iles concentrate value right now is approx. US$70/t (higher than the average of last quarter of US$63.88/t).
In the Investor Guide - page 19 you will see that the FOB operating cost (incl. sustaining capex) is US$36/t
So right now the gross profit is US$34/t.
I recently posted (when estimating EBITDA) that they are making a gross profit of US$35/t currently due to the high price of 66% Fe CFR China during this month. I'm not too far off it seems.
One thing I'm unsure of though is the CAD$30 million difference, in the quarterly report, between the value of ore sold & the 'receipts from customers' at 1.1 ?
Any thoughts?
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Hi Aqua, As I've just posted, the FOB Sept-Iles concentrate...
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