Yes , the break even for ago seems to be low 80's (citing its recent result all in cash cost to be $76/t ) but this model doesn't include it's expansion to 12 million tons where it's all in cash cost is projected to decrease significantly to $68-73 aud ( 64-69usd) -which still seems ok for now and also one would have to remember that there's lots of expensive production also coming offline. Of course, we won't know what the real price will be next year.
With regards to mcaleese, I believe they have temporary structural issues that are in the transition of getting fixed but it's not well known. I think only after they release a strong net profit from revenues would they then get a price surge. Warren won't touch stocks like these .
MCS Price at posting:
40.0¢ Sentiment: None Disclosure: Held
