accaeric,
Regard FOB:
BC Iron managing director Morgan Ball said the cost of freight to Asia had fallen from between $7 and $8 per tonne to between $5 and $6 per tonne.
http://www.smh.com.au/business/rare...miners-on-shipping-costs-20141211-1254k2.html
so profit will be = AU$70 - (61+54)/2 - 6 = AU$6.5.
Cost comparison between mid tiers:
http://diggersndealers.com.au/wp-co...6-Diggers-and-Dealers-6-August-2014-FINAL.pdf
BCI has lowest cost among all mid tier miners.
regard Iron Valley:
the annual EBITDA that could flow to BC Iron is between approximately $2 million and $24 million.
you are right on cash position. I wonder if you could calculate earning ratio for us.
