Yes seems strange with gbg being 1.5 cents higher this morning...

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

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

GRL

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

DUI

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

LPE

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

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

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

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

SIG

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

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

First 28 Last

Add GBG (ASX) to my watchlist

Yes seems strange with gbg being 1.5 cents higher this morning...

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

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

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

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

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

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

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

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

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

Featured News