FMG 2.15% $22.58 fortescue ltd

Iron ore price, page-9054

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    Looking at notes 5 and 6 in annual report about usd 2.2b was expensed in usd that would have subject to aud cash outflows. Ie mining processing.
    Avg rate was 0.775 in last FY. Looking forward with aud10% below this, there could be Usd 220m saving. This would work out to be USD 1.30 per tonne assuming 170m tonne output
 
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