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Who will be the first to benefit when ore turns, page-56

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rcman

11,699 Posts.

344

29/11/14

17:03

Post #: 14378198
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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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So much rubbish posted here about BHP and Rio.

What's the rubbish being posted ?

I'll put it bluntly for you.... decades and in BHP case a century's worth of operation and a $30 share price tag.

That really says it all...disgraceful......China boom and a $30price tag

Full stop!

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

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

BHP Price at posting: $30.92 Sentiment: Sell Disclosure: Not Held

RIO Price at posting: $59.10 Sentiment: Sell Disclosure: Not Held

AGO Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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