From the December quarterly production report (FMG):
Cash costs per tonne: Operating cost of sales $38.01 Operating lease $3.49 Total direct costs $41.50
As compared with the September quarter of total direct costs of $34.83 per tonne.
The above are OPEX costs (current), i believe the costs in the table were estimated costs at time of their DFS???
And that was for their current project of 40-55mtpa. Note they're ramping up to 55-155mtpa. CAPEX for this ramp up is $8.4 billion spend over 30months.
Now with that in mind, i do believe SDL will have the ability with their original CAPEX to ramp up with a lower cost implication (though this is ages away and there is no point in speculating at this stage)
SDL Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held