FMG 0.73% $20.62 fortescue ltd

FMG Cost Structure, page-11

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    C1 = ~$15/wmt
    Shipping = ~$15 ( actually 16.3 but we own some ships so this comes down.... historically sub $10)
    Sustaining capex US$/wmt 6.1 (sure havent checked)
    Costs of about $36 /wmt or about $40/dmt.

    Royalty = ~$7.3%

    "So GS product discount and moisture adjustment additional costs of US $43.5"

    This is wrong. Discount is a percentage, not fixed..... so may have been $43 when the price was $220, but its def not now.



 
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