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Update: BC Iron Releases Its Quarterly Report

BC Iron (OTC:BIRNF) has released its quarterly report for the fourth quarter of calendar year 2014 (which is the second quarter in the company's financial year, which ends in June). BC Iron's share of the shipped iron ore was 1.2 wet metric tonnes, and received an average price of $60/dmt CFR. This means that after deducting transportation costs ($10/t) and correcting for moisture content ($5/t), I expect the company to have received $43-45/t. Fortunately, the Australian dollar is still very weak, so the received price will be around…