Who will be the first to benefit when ore turns, page-42

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    lightbulb Created with Sketch. 59
    So ..to confirm....you are saying if BHP could mine for $20/t the freight and additional costs would be in the $40's ....giving a total price to the buyer of 60+ $ and 70$ if mining costs are $30???
    so when they say that FMG needs $77 to break even they are saying mining costs + CFR...is that correct?
    thanks
 
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