"So ..to confirm....you are saying if BHP could mine for $20/t...

  1. platinumstandard
    2,417 Posts.
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    29/11/14
    13:22
    Post #: 14377502
    "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"

    What a bunch of furphy. The reality is BHP wishes its C1 cost to be less than 20 like RIO and the $77 FMG costs was a long time ago.
    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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