Hey Wes,
Yeah our Iron ore business is in no trouble whatsoever...... the only thing which changes is how much mullah we are making.
Break even is either $$44,$46 $59 depending on what you consider break even.
$44 if we pay off all debt,
$46 if we still have to pay interest
$59 if you include depreciation & ammortisation
(assumptions. $2.2B sustaining capex, 200 million tonnes, C1 $19, 85% realization of platts 62, $10 shipping, both revenue & cost, all FFI is cancelled, 1.5 usd to aud)
All with my errors included.
POWER!!!! Fortescue Future Industries, page-4428
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