jones speaks, page-55

Hi yowie.

Another one for you.

SDL cost per tonne = $20 to $21.
FMG cost per tonne = $44 for lower grade iron ore.

FMG have raised extra money to expand infrastructure in the Pilbara for Mine Sites, Railways and Port.
FMG have gradually expanded their export total of iron ore and are talking of raising it to 155mtpa.
FMG adding extra port berths,Rail lines,trains and wagons as they find extra iron ore.
FMG making a good profit even though their cost per tonne is twice that of SDL cost per tonne.

Regards
Westcott.