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surebob

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surebob

Re: microcaps1 post# 88792

Sunday, 08/17/2014 1:02:07 PM

Sunday, August 17, 2014 1:02:07 PM

Post# of 91121
What was CWRN grades? Oh ya, 58 to 59%. So low grade iron ore compared to the standard 62%? China is now discounting 15 to 20% for grades below 62%. Add in further discounts for high sulphur and you might break even or lose for every ton produced.

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