FMG 0.68% $20.61 fortescue ltd

FMG Cost Structure, page-17

  1. 3,425 Posts.
    lightbulb Created with Sketch. 1047


    ...Sustaining Capex, was $4.73 (page 132), also shipping costs have gone up since that report,

    Total delivered cost (dmt) USD34.
    Sustaining Capex, was $4.73
    Shipping increase ~$8
    Total about $47 USD
    Adjusting for platts 15% discount, break even is about $55 platts 62.
    I think shipping will come back down soon, and C1 should drop too at some stage.... so our break even in good times is $45 USD platts 62% with 15% discount.

 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.