GBG 0.00% 2.6¢ gindalbie metals ltd

The average price for iron ore for the whole quarter was...

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  1. 723 Posts.
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    The average price for iron ore for the whole quarter was $US47.50 for 62% grade Fe. They only got .70c more for 65.9% grade. I think KML is getting screwed.  Ansteel doesn't care how low the price is as they then make more money on selling the steel.
    Iron was down to $US39.30 on 14 January.  The daily prices for 62% FE are as follows:
    Column 1 Column 2
    0 4/01/2016 $42.90
    1 5/01/2016 $43.10
    2 6/01/2016 $42.10
    3 7/01/2016 $41.90
    4 8/01/2016 $41.70
    5 11/01/2016 $41.50
    6 12/01/2016 $40.90
    7 13/01/2016 $40.00
    8 14/01/2016 $39.30
    9 15/01/2016 $39.60
    10 18/01/2016 $40.20
    11 19/01/2016 $41.90
    12 20/01/2016 $42.10
    13 21/01/2016 $41.10
    14 22/01/2016 $40.50
    15 25/01/2016 $41.30
    16 27/01/2016 $40.80
    17 28/01/2016 $41.30
    18 29/01/2016 $41.50
    19 1/02/2016 $41.50
    20 2/02/2016 $42.50
    21 3/02/2016 $43.10
    22 4/02/2016 $44.00
    23 5/02/2016 $44.70
    24 8/02/2016 $44.70
    25 9/02/2016 $44.70
    26 10/02/2016 $44.70
    27 11/02/2016 $44.50
    28 12/02/2016 $44.50
    29 15/02/2016 $43.20
    30 16/02/2016 $45.60
    31 17/02/2016 $46.10
    32 18/02/2016 $45.80
    33 19/02/2016 $46.50
    34 22/02/2016 $47.00
    35 23/02/2016 $50.30
    36 24/02/2016 $50.50
    37 25/02/2016 $50.20
    38 26/02/2016 $49.20
    39 29/02/2016 $49.00
    40 1/03/2016 $48.90
    41 2/03/2016 $50.40
    42 3/03/2016 $51.60
    43 4/03/2016 $51.70
    44 7/03/2016 $52.40
    45 8/03/2016 $62.60
    46 9/03/2016 $63.30
    47 10/03/2016 $59.60
    48 11/03/2016 $57.40
    49 14/03/2016 $56.10
    50 15/03/2016 $55.50
    51 16/03/2016 $51.70
    52 17/03/2016 $52.50
    53 18/03/2016 $55.40
    54 21/03/2016 $56.30
    55 22/03/2016 $58.00
    56 23/03/2016 $57.90
    57 24/03/2016 $57.30
    58 29/03/2016 $55.20
    59 30/03/2016 $54.70
    60 31/03/2016 $53.20
    It only got above $US60 on 20 April.
    It depends upon which day they sell it.
 
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