GRR 0.00% 25.0¢ grange resources limited.

Iron Ore now in the 30's, page-3

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    This from Motley's today:

    Based on calculations of iron ore miners’ breakeven costs in April this year from investment bank UBS, Rio and BHP have breakeven costs of US$34 and US$33 a tonne respectively. Gina Rinehart’s Roy Hill project is a close third at US$43 a tonne, but still losing money at current prices.
    From there it goes downhill.
    Arrium Limited (ASX: ARI) with costs of US$46 a tonne, Grange Resources Limited (ASX: GRR) which needs prices at US$50 a tonne to breakeven, and Fortescue Metals Group Limited (ASX: FMG) at US$52 a tonne.
    Bringing up the rear are Mount Gibson Iron Limited (ASX: MGX) at US$58 a tonne, BC Iron Limited (ASX: BCI) at US$59, and Atlas Iron Limited (ASX: AGO) at US$63 a tonne.
 
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