gbg

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.

Current $60.00 plus $ US 3-50 plus $ US 4.64



average magnetite production unit cash cost by KML was approximately USD(1) $ 63(2) per WMT (March 2016 Quarter: approximately USD $58 per WMT). KML continues to focus on reduction of its production costs amid continuing volatility of iron ore prices

Do we assume at this point in time Karara is making $10 per tonne ???

Gindalbie advises that it is looking at advanced projects as we speak to invest its substantial cash ïn this market" - I think that is the most interesting issue at this time !!!
Iron ore will look after itself over time as the AUD eventually drops and China stops producing and using low grade ore which is having a devistating effect on their enviroment.