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surebob

02/20/18 8:22 AM

#90574 RE: JohnCM #90572

Assuming China wants Mexico iron ore?
140 million tons sitting in China ports...almost all low grades

Mexico is importing iron ore from Brazil...still cheaper and better quality
Even the USA has sent some "low grade" ore to mexico.

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microcaps1

03/01/18 10:07 PM

#90579 RE: JohnCM #90572

that would take some figuring- cost of production was ca 10/ton - dont know what it would be now-add trucking and shipping and debt service -

https://www.marketindex.com.au/iron-ore