Advanced Explorations Inc. ADEXF

RE: CFR vs FOB, a simple explanation

[rpdeluca]

I have never met someone more ignorant then you.  You just stated it yourself that it's the price the buyer pays at the shipping port (RB)  The $104 which AXI is using factors in $20 of shipping so they are getting $124 ($119 +5% premium for 68% concentrate) less $20 for shipping which gets you your $104...that's what $104 netback means. 

Months ago, you clearly stated on thsi board that the $104/t figure was not freight free and that another $25/t or so, would come off that revenue figure and thus reduce margins substantially. Your post on this exact  board.  You don't even have the guts to admit when you are wrong.  You assumed that FOB stands for "Freight on Board".......rather than "Free on Board".  You most definitely error'd and just can't admit it.