GRR 0.00% 26.0¢ grange resources limited.

last pellet quote us$114.5 / t AUDUSD ->0.7533 Notional revenue...

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    last pellet quote us$114.5 / t
    AUDUSD ->0.7533
    Notional revenue (CIF) ->A$ 151.99
    Allow A$16 / t freight -> A$135.99
    Assume opex A$86/t -> A$49.99

    My sense is that if these heady prices persist and the US$ continues to strengthen (almost guaranteed), GRR should accumulate significant cash booty.

    If indeed true, then they would be mighty powerful 'forces' to hold it back.

    May the force be with you (... Sorry, couldn't help...)
 
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