$20 per ton profit after delivery?The cost of $42 to have iron ore loaded at port plus the other of $55 averages to about $49 average FOB cost per ton.
Current price of about $69 - costs $49 = $20 profit X 3,000,000 tons = $60,000,000 profit per year
That is about .20 per share yearly!!
Am I understanding this correctly? Because that would mean a huge step forward.