MRL will almost certainly needs to update EBITDA guidance as part of their continuous disclosure obligations to the market.
58% fines are up 2.7% yesterday to $71.22 USD per tonne. Prices are booming!
MRL is getting massive free cash-flow injection
Payback period for Cliff Resources assets purchased will be somewhere around 6 months
https://www.*.com.au/iron-ore-price-china-steel-output-port-hedland-2019-3
Iron ore prices for 58% fines booming
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