There was an article in yesterdays Australian which suggested the breakeven price for FMG and Vale at around US$55/t.... together they account for a very large quantity of ore production... being on par or slightly behind should work favourably in the medium/long term
I did note that BRL (currency) has appreciated considerably over the last 2 days... Vale may be trouble ...
DYOR
Ann: March 2015 Quarter Update, page-23
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