TTY
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0.00% 49.5¢ territory resources limited

break even price for iron ore

  1. StatsMan
    1,600 Posts.
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    12/12/08
    23:34
    Post #: 4601642
    In the last Territory Resources Annual Report, the company said that the average cost of production was about A$60 per tonne. At a relatively conservative exchange rate of 0.7 Aussie dollars to the US dollar, that would mean that the break even iron ore price for TTY is US$42 per tonne. Possibly cheaper with the lower cost of oil and shipping in the current economic climate. Still looks reasonably safe to me. Any comments would be appreciated.
    TTY Price at posting: 9.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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