financial forecasts on lower iron ore prices, page-6

SaberX - it appears that on a marginal basis, that the break even is around A$72-73/t. The MQG cost curve has them around US$60/t on a C1 CIF (I assume that is in USD). I am not sure what particular costs AGO are quoting when they say ~A$47/t(page 21 on their presentation) but it is cheaper than BHP and Rio - which is particularly odd, since their revenue function does not match their FY results.

Given that AGO appears to recieve ~85% of the benchmark price (Rio spec.) - the actual break even number one should look for is A$86/t (US$89/t).

So good news - still making money just. Look for a fall in the AUD - which should come soon.