Cash cost and production capacity are the keys to value iron ore stocks.
NFE, had C1 cash cost for March quarter, US$58/dmt
FMG, had C1 cash cost for March quarter, US$26/wmt.
Not the same level even considered the adjustments for grade and moisture.
FMG is becoming one of the tie 1 world low cost producers.
Iron Ore Price, page-279
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