Jeepers Keepers Iron Ore now $197.68. NEW RECORD HIGH!!! And then if Cehegin contains the historic 65% grade , that number changes to near $240.00 a ton. Back 6/7 years ago the premium for 65% iron ore was a merger $10.00 a ton but now it is running $30 to $40 a ton premium.
In the new (supposed) GREEN economy this high grade spread could become $40,$50,$60 premium a ton or more. Smelting higher grade iron creates much less pollutants which is king today.
If one of our next announcements is that preliminary grading shows 65%+ quality, hold on to your Depends!!!!
GLTYOU
RR