re: Ann: Wilcherry Hill Project Feasibility U... is it correct to think that FOB means IFE sells at port for 110-125 per tonne, and the buyer pays the freight from there onwards.
so its simply 110-125(FOB sales) - 55-75(FOB costs) = profit.
shipping freight is passed on to the buyer? but does impact our sale price.
I hope this is how it works, But i too am unsure.
Note the * next to Start up FoB Costs= AUD $55/t- $75/t*
*=depending on selected port options.
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