@noomxx Sounds a bit high to me.
I have All-in operating costs of $10B AUD, and shipped 182 MT
So that would be $10B/182MT = ~$55AUD/t break even
@ 0.72 AUD/exchange rate that's ~$40USD/t - ASIC (all-in sustaining cost)
As you state, one other important factor is FMG is 58% fe, which is a lower grade.
So it's realised price is usually 15-20% lower than spot price.
FMG break even = $46usd/t
For comps...
RIO - $26 usd/t ASIC
BHP - $32 usd/t ASIC
VALE - $32 usd/t ASIC
Here's a nice list, dated 2018, I used figures from latest 2021 annual reports, but still fairly relevant...
https://www.*.com.au/iron-ore-breakeven-rates-major-miners-macquarie-bank-2018-1
The 4 majors control ~80% of world seaborne IO.
@noomxx Sounds a bit high to me. I have All-in operating costs...
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |