Hi,
You really should be reading the announcements, GWR has a $10 draw card where they can stop operations.
The USD$125 cost per tonne (roughly) would be the lowest point where this would occur. FX $0.75.
Otherwise Fel may pick up some extra contractors as they hedged the ore price where GWR didnt.
As the aus dollar comes down, there would be more breathing space.
Calculation includes shipping.
Good luck!
Ann: C4 Iron Ore Deposit - Production Update, page-75
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