FMG 5.04% $17.50 fortescue ltd

snowden completes fmg mining study , page-3

  1. 33,960 Posts.
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    I dont believe the production costs (OPEX and CAPEX combined) wil be under $17.00 a tonne.
    Just look at how much it is costing MGX a tonne although a lot smaller operation and hematite.
    FMG seem to think they will make close to $30.00 a tonne profit I suspect all that profit will be eaten up by costs.
    time will tell
 
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