Fortescue has narrowed the gap on BHP Billiton and Rio Tinto, but the “big two” are still believed to be the world’s lowest-cost iron ore producers.
BHP and Rio were estimated to have break-even prices just below $US30 per tonne in December, but a strengthening Australian dollar and higher oil prices has almost certainly pushed that just above $US30 per tonne.
The above low cost of ORE by BHP /RIO published today, shows the lower ore cost's being achieved.
FMS processing cost's if the same, it show's the huge net profit's available.
I have no trust, and never did in the highly inflated processing cost's advised by Todd and Mr W!!!
There is a fortune to be made with our PIOP, FMS at production will be at least 50% share value of FMG, and our ORE is higher quality.
Holding till production
Fortescue has narrowed the gap on BHP Billiton and Rio Tinto,...
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