It's silly how they say 'actual price recieved' for RIO/BHP but then contrast that with 'all in costs' for AGO/FMG.
Based on UBS saying BHP/RIO actually recieve $73 a ton which gives them a $40 and $34 margin wouldn't that mean their 'all in cash costs' are only $33 and $39. Which would mean AGO/FMG are producing at an all in cash cost that is more than double that of RIO/BHP.
Or have they just not bothered to mention the all in cash costs for RIO/BHP?
AGO Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Not Held