Fortescue’s total delivered cost to customers has also
continued to decrease and was US$34/wmt inclusive of C1
and shipping, royalty and administration costs, 17 per cent
lower than the prior quarter.
In my calculation, total delivered cost for the June quarter, is US$31/wmt, reduced by US$3/t for the June quarter mainly attributable to reducing C1 cost from US$25.9/t to US$23.5/t.
I can see my assumptions of using the US$7.5/t for shipping, royalty & admin costs are quite appropriate as they are similar to the March quarter's.
Iron Ore Price, page-528
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