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Sagaro,

IMHO Possibly half right for Southern Iron all up costs all inclusive on its 1st year ramp-up. 100km by truck and 600km via public rail and also due to the apparent lower grade transported for the first 6 months of the last year there for extra cash,when prices were higher,skewing costs upward considering the implied lower grade.The planned 2-1 shipping blend was 2.4 then 2.5 to 1 during this period.That has changed since December,was 2 to1 in last half.Ending the year at an average of around 2.26 to 1.
So transport costs there 12% av higher for last year than would be for ore shipped now.

I had AGO and FMG a few dollars higher on my calcs and I don't think GRR are producing pellets for just $88.

Still always nice to know what others consider Co. costs to be.
Interesting and often entertaining as they are always different from the last one someone else produced last week.

DYOR+DYODD One things sure ARI has other income and good cash flow with a good cash reserve kept in the bank,while most miners don't,during this shake-out,until a few go bust.