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2.6¢ gindalbie metals ltd

Current price today is $us61.10 for 58% Fe ???

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guennadi

1,118 Posts.

23/08/16

10:09

Post #: 18601437
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Originally posted by The Mole ↑

Guennadi,

Thanks for the information.

The FMG feasibility appears to based on a 62% Fe Platts reference price of $US72.00 per tonne. Current price today is $us61.10.

There is a premium for $3.50 for the processed material plus $1.16 per 1% over 62% Fe.

GBG appears to be in the order of 66% Fe content which would equate to $US4.64 + $US3.50 = $US8.14.

Maybe the sale price should be in the order of $US69.24 per tonne on open market, but GBG is not in open market.

Interestingly FMG freight costs reported yesterday were approx. $US2.00 per tonne.

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Current price today is $us61.10 for 58% Fe ???

GBG Price at posting: 1.8¢ Sentiment: None Disclosure: Held
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