By the end of the year Citi are still predicting a sub 40 dollar iron ore price. And 48 dollars a tonne in the 3rd quarter. At 48 dollars a tonne bci is bleeding cash at about 10 dollars a tonne. Things still look dire for Bci, unless the aussie dollar drops big time with the iron ore price.
Shazaam! Citi increase forecasts, page-4
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