Iron Ore $93.18 USOur Fob cost for iron or is $55 US
Market price $93.18
Profit of $38.18 per ton X 4,000,000 tons per year = $152,720,000 per year Profit
That's about .50 per share profit yearly on only the Glencore deal.
Our Fob costs could be lower as well depending on the new PFS. I believe that is the companys hope.
By 2021 MMS will be a company to be in and the price will show the true value. Be careful selling at these low prices. GLTA