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My average iron ore price (62% grade) for June quarter is...

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The Mole

723 Posts.

71

30/06/17

02:40

Post #: 25579032
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Originally posted by samson ↑

Thanks for that update Mole. On your calculations of 142 ships out for the FY, for a total of 8.52 wmt, that's not bad going in my books. That's an average of 35.5 ships out each quarter - or one every 2.57 days.

Will be interesting to see what the average sell price achieved for the June quarter, considering that the IO has tanked over the last 3 months, yet the premium (for 65 grade) has been rising each quarter.

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My average iron ore price (62% grade) for June quarter is $US58.39, so I expect it to be in order of only $US70 for KML exports if we are lucky. Still a loss for GBG.

GBG Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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