FMG 3.19% $22.62 fortescue ltd

I am trying to get my head around this.How would FMG "print...

  1. 7,284 Posts.
    lightbulb Created with Sketch. 1069
    I am trying to get my head around this.

    How would FMG "print money" at $50 IO?

    Is this based on the difference between FMG cash cost, and $50?

    How is 'cash cost' calculated?
 
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