FMG 0.10% $19.17 fortescue ltd

iron ore price, page-1096

  1. 317 Posts.
    BHP and RIO production costs would certainly not see them making a "motza" at $35/tonne. Here is a quote from RIO in December:

    “We’ve got an aspirational target that we’ve had out for several years — which was by 2020 we would achieve a CFR-landed China cost of $US35.50 — which means a cost considerably lower than $US20 a tonne,” said Mr. Harding.

    If the cost landed in China is aspirational in 2020 at $35.50 - well - you do the math as they say...
    That's just Crazy - Punter
 
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