Break Even???, page-28

First 28 Last

Share
Profile

Follow
stratnew

533 Posts.

4

15/11/16

08:21

Post #: 20617385
Share

Originally posted by The Mole ↑

I have just had a look at Atlas Iron ore annual accounts for 2016 .

It costs them about $AUD7 for shipping costs (separate from haulage costs) or about $US5.20 per tonne.

This would add $US3.80 to my recent cost of $US75 to $US85 per tonne.

So I think the real KML cost is in the order of at least $US80 to $$US90 if we are lucky.

But go to https://www.businessnews.com.au/article/Pellet-prices-put-Sino-Karara-in-play
(refer to Anthony09) which says $US25-US35 premium for pellets.

KML doesn't produce pellets but does magnetite - KML should be getting at least $U10 to $US15 more for magnetite and more for Fe 65.3% grade which is 5.32% higher than FE 62% Platts.

KML should be receiving at least $US79.90 (current Fe62%) + $4.25 (for 65.3%) + $US10 or 15 (for magnetite) = $US94.15 or $99.15.

So at this price we should be in the black.

But as I have stated before it appears that KML is being underpaid by Ansteel.

If KML is only receiving 85c premium, then the GBG shareholders should demand a review of the apparent unfair contract.

Expand

Yes seems strange with gbg being 1.5 cents higher this morning than atlas, also sorry dropped a zero from my calculation with Chinese lady in Sydney extra share purchase in January 2016 seem she would be making nearly 2 million dollars but what is a zero between friends good luck to all, It would be nice to get a update on figures from company, what ever the bottom line is they must be getting down some debt at these new prices

GBG Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 27 more messages in this thread...

First 28 Last

Add GBG (ASX) to my watchlist

Break Even???, page-28

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels