@noomxx Sounds a bit high to me.
I have All-in operating costs of $10B AUD, and shipped 182 MT
So that would be $10B/182MT = ~$55AUD/t break even
@ 0.72 AUD/exchange rate that's ~$40USD/t - ASIC (all-in sustaining cost)
As you state, one other important factor is FMG is 58% fe, which is a lower grade.
So it's realised price is usually 15-20% lower than spot price.
FMG break even = $46usd/t
For comps...
RIO - $26 usd/t ASIC
BHP - $32 usd/t ASIC
VALE - $32 usd/t ASIC
Here's a nice list, dated 2018, I used figures from latest 2021 annual reports, but still fairly relevant...
https://www.*.com.au/iron-ore-breakeven-rates-major-miners-macquarie-bank-2018-1
The 4 majors control ~80% of world seaborne IO.
FMG Cost Structure, page-13
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$17.50 |
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Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 5870 | $17.48 |
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| Price($) | Vol. | No. |
|---|---|---|
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