I think I screwed up a little, by using the $34 delivered cash cost it includes very high royalty, which is irrelevant for break even pricing.
I've halved the sustaining CAPEX from $1.3B to 650M, and reduced admin etc as we would probably try to cut costs.
(C1 nearly definitely does not include sustaining CAPEX )
So I give you a break even price of $31/dmt, give or take.... a few hundred mill here and there.
Feel free to check for errors
Iron ore price, page-41796
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