FMG 5.53% $20.14 fortescue ltd

Extract from latest quarterly highlights - Page 1."C1 costs of...

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    Extract from latest quarterly highlights - Page 1.

    "C1 costs of US$34.88/wmt in line with guidance of US$34/wmt for FY14 reflecting low cost Solomon tonnes
    and operational efficiencies."

    My maths probably not as good as AveJoe, but even at $80, (which we all seem to agree its not gonna reach) that would still leave a sizable chunk of dollars available, especially at higher volume being exported.

    Not writing it off just yet.
 
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