GBG Price for finished product

It is interesting to note the minimal margin GBG gets for it product.

Grange (GRR) export hematite pellets and for the June quarter received $US67.69 (FOB Port Latta Tasmania) (http://www.grangeresources.com.au/c...s_-_report_for_quarter_ended_30_june_2016.pdf) , i.e they didn't have to pay freight.  Freight would be about $US3.50 per tonne, so that make their comparison cost with GBG of $US71.19 per tonne.

Whereas GBG received $US64.50 or $US0.85 per tonne premium for hematite concentrate.

I don't think the GRR pellets have such a large margin to GBG fines.

I think Ansteel is taking advantage of its shareholding in GBG to keep the price low.

On another matter, current shipping rates for 2017 FY seems to indicate a total export of 7.3m tonnes compared to 8.4m tonnes for 2016 FY.  This is a drop of 13.7%.

This is not good as it will increase the base cost per tonne.