BK, the grade certainly impacted the price received. WDR is paid...

BK, the grade certainly impacted the price received. WDR is paid on the Platts CFR 62 spot price which is based on ore with a grade of 62% Fe and less than 5% silica. So if the ore shipped had 60% Fe and 9% silica then WDR would have received less than the spot price for it However Macquarie in their research report dated 16/1/14 said "approximately 65% of production is expected to be lump, resulting in WDR achieving a price close to the 62% Fe benchmark despite its product having an average grade of 59%." So as I said previously I was surprised by the low price achieved.

DYOR