Rough guide to Bloom Lake's Iron Ore price:
Take the benchmark 62% Fe price & add US$20.
Not only has the price widened recently between the 62% fines and the lower 58% Fe but so has the difference between 62% & the higher grade 65%, as has the premium above this for Bloom Lake's 66.2% Fe.
Latest IO price news below:
https://www.*.com.au/iron-ore-price-winning-streak-2018-2
Bloom Lake's product currently around US$97 a tonne. Unlikely to stay up here for the rest of 2018 but an average of around US$80 - US$85 per tonne for the next 12 months would be a great outcome for CIA's first year of production.
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Bloom Lake iron ore price, page-5
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