The IO spot price is now pushing mid $60's. And the trend is up...

The IO spot price is now pushing mid $60's. And the trend is up (albeit very slowly). It's pretty hard to nail down exactly what our current cash outflows are to compare them against our current cash inflows...why do they have to always be so cryptic in the quarterly reports. All I want to see is - this is what it cost us to produce and ship etc to the Ansteel port and this is what we got in return (as an average over the Quarter).

All this crap about (it includes this but does not include that - just does my head in to decipher).

Having said that, it appears from those in the know of the industry that Karara's "total cost per WMT" is probably between the $70-$75 mark (and production costs are falling by a couple of dollars each quarter).
It will not take much for GBG to be making some serious money as soon as the IO price covers the $80 level for a sustained period.

One other thing that any SH out there may care to comment - what ever happened to the supposed premium of approx 20% for Magnetite. We're only getting a buck or two for the premium product.....feels like we're being ripped off.