Hi accaeric, given current FMG economy of scale (chalk and cheese compared with the infinitely smaller production capacity, pre-Kings/Firetail days) and massive sustained cost reduction with more to come (like the new rostering), I woudl suggest $80/T now would be as good now was it was $150/T back in those days when the Aussie dollar was worth $US 1.1
Iron Ore Price, page-2353
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