Fortescue sells lower grade ore which means less revenue per tonne and more importantly significant discounting to the prices received by Rio and BHP. Fist curves are typically normalised to 62%fe to take these factors into account. And perhaps you missed the recent speculation that cloudbreak may be closed?
Fmg is nowhere near Rio and BHP when it comes to operational profitability - which is excluding debt from the equation.
GBG Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held
RIO Price at posting:
$59.10 Sentiment: Buy Disclosure: Not Held
AGO Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
MGX Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
BHP Price at posting:
$30.92 Sentiment: Buy Disclosure: Held
