Pellet Price, page-138

Zhe  Hai 1 left Port Latta yesterday afternoon but has been anchored at Port Latta Anchorage (which counts as a separate port) ever since - I'm guessing that it is not weather related and that it has been fully loaded but that it hasn't moved because of shipping restrictions in place for cargo ships crossing Bass Strait whilst the Melbourne to Hobart and the Melbourne to Devonport yacht races at in progress - they both started on 27thDec.
I believe all conditions have now been met to be confident of locking in shipments(and therefore sales) of 750kt after a 2% allowance for the Q4Dec qtr and I'd calculate sales from that at a minimum of $105mil(@$140/t).
Last quarter the sales were done at $133/t but were calculated at an average exchange rate of 79.46c  whereas the average this quarter would be closer to 76c to USD which fully accounts for the above difference.
It is interesting to look at the following website:
http://www.steelmint.com/pellets-prices-global
Look at the middle line - CNF China - then click on the red graph symbol - on the graph, Zoom to 6m. You will see that September was the high month for prices but that the average price for the Oct to Dec quarter is higher than the Jul to Sep quarter.
So using $140 above should be conservative and just maybe $150+ is more realistic.