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Who will be the first to benefit when ore turns, page-53

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platinumstandard

2,417 Posts.

47

29/11/14

15:37

Post #: 14377955
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Originally posted by moondoong ↑

So much rubbish posted here about BHP and Rio.

Current shipping should be 240Mt for FY 2015
Can expand to 290Mt by end of 2017 for relatively low cost (about $30 a tonne increase capital intensity which is low)
Need to spend about $5 a tonne over the next 5 years on sustaining capital.

Current cash costs are less that $30 a tonne (excluding freight and royalties), and they are aiming to drive this to $20 a tonne in the 'medium term'.

As for their orebody grades and reserves, well they are simply outstanding.

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"As for their orebody grades and reserves, well they are simply outstanding.."

So outstanding that they achieve less per tonne in sales than the company they described as having the resource of a few bucket of rusty nails. Legend!

AGO Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held

BHP Price at posting: $30.92 Sentiment: None Disclosure: Not Held

GBG Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held

MGX Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held

RIO Price at posting: $59.10 Sentiment: None Disclosure: Not Held
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