on goldman's bearish forecast fy15 eps=25.3, page-2

All in costs

Unfortunately ARI doesn't provide these and they are very dependent on its supplied ores source and blended mix.

MBR ore would be down around $40 cash costs plus say $20 additional sustaining costs incl loading onto shipping.

Its other supply was originally cash costed at $70/ton ? on 3.3mt i believe but that is down to an overall mix of $60 when both sources are averaged out at a nominal 3.8mt of increased supply from there.
Add royalties to this.
Plus the cost of buying the initial resource which i believe was around $30/ton of their mine resource.

Allow $20/ton for staying in business costs(all sustaining)and its not so nice.

One must remember your US$105/ton is for 63%FE before discounts and ARI last time i looked was a 13% discount to platts figures on its approx 60%FE,so could be down to $90US already.

DYOR+DYODD Discounts are growing especially on 56%FE which FMG supplies.Grade is king with a preference shifting to BHP and RIO ore as far as pricing goes.