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http://www.asx.com.au/asxpdf/20080624/pdf/319sm8t9cmdm8j.pdf

Helix has what 55% average grade? So if the price was US$144.66 dmtu that would be (55 x 1.4466 = US$79.53 per tonne) at that DMTU price.

The price used is for a blend of fines including Yandi. I don't know exactly what its make up is. The price used would be different for Helix, perhaps US$130 cents dmtu.

The $72.50 that you posted stumps me as it is indicating 50% iron. At todays price, maybe its an old price or Maybe it is correct... But I expected it to be higher.

The part that interests me is the gain in the difference of the quality of the ores. Last year 22% now 28%. I hold Grange (GRR) although Magnetite, it is upgraded to become some of the best iron ore available. That will continue to be in demand.

<blockquote data-quote="MR." data-source="post: 306639" data-attributes="member: 8039"><a href="http://www.asx.com.au/asxpdf/20080624/pdf/319sm8t9cmdm8j.pdf" target="_blank">http://www.asx.com.au/asxpdf/20080624/pdf/319sm8t9cmdm8j.pdf</a> Helix has what 55% average grade? So if the price was US$144.66 dmtu that would be (55 x 1.4466 = US$79.53 per tonne) at that DMTU price. The price used is for a blend of fines including Yandi. I don&#039;t know exactly what its make up is.&nbsp; The price used would be different for Helix, perhaps US$130 cents dmtu. The $72.50 that you posted stumps me as it is indicating 50% iron. At todays price, maybe its an old price or Maybe it is correct... But I expected it to be higher.The part that interests me is the gain in the difference of the quality of the ores. Last year 22% now 28%.&nbsp; I hold Grange (GRR) although Magnetite, it is upgraded to become some of the best iron ore available. That will continue to be in demand.</blockquote>

[QUOTE="MR., post: 306639, member: 8039"] [url]http://www.asx.com.au/asxpdf/20080624/pdf/319sm8t9cmdm8j.pdf[/url] Helix has what 55% average grade? So if the price was US$144.66 dmtu that would be (55 x 1.4466 = US$79.53 per tonne) at that DMTU price. The price used is for a blend of fines including Yandi. I don't know exactly what its make up is. The price used would be different for Helix, perhaps US$130 cents dmtu. The $72.50 that you posted stumps me as it is indicating 50% iron. At todays price, maybe its an old price or Maybe it is correct... But I expected it to be higher. The part that interests me is the gain in the difference of the quality of the ores. Last year 22% now 28%. I hold Grange (GRR) although Magnetite, it is upgraded to become some of the best iron ore available. That will continue to be in demand. [/QUOTE]

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