Yeah i think Royalties are a cost of sales, not really a tax from the financial viewpoint... also not an accountant.
break even is basically C1+royalties+admin+interest (+-)shipping (+-) others
roughly $31 on my estimates, of course no one expects IO to stay that low, not even pigs.
How long we could survive, well we have enough cash on hand to pay all debt..... so we can basically survive for 50 years at $30/tonne
Iron ore price, page-41815
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