IRON ORE - HIGH GRADE 64.4 % Characteristics: -Law: 64% or more . -Cost per ton: LME - 45% dollars (Fixed price, non-negotiable) -FOB PRICE - C�¡rdenas, MEXICO -MAXIMUM 70,000 tons in stock for Spot sale. -Minimum 35% FOR sale contract. -SHIPPMENT 60K TONS OR MORE . -After the first SPOT sale, a minimum contract of 6 months.