If Iron Ore price hits $US90 then it should be in breakeven mode. Now that is probably a big ask long term, but with supposed cyclones forecast to hit the Pilbara this summer then that will help GBG as the plant and mine is outside the cyclone area.
We do not know exact break even price as information is not disclosed by GBG. Isn't there something about constant disclosure requirements for directors?
One would consider the actual cost structure of KML is a critical piece of information which should be disclosed to shareholders.
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