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MGX probably walked due to falling Iron Ore prices, look what...

  1. CoalKing
    13,244 Posts.
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    04/09/12
    20:59
    Post #: 10670026
    MGX probably walked due to falling Iron Ore prices, look what FMG is doing today. Business models are changing in AUS real quick!

    Got this in an email today:

    "According to a table compiled by Deutsche Bank, the cost of producing iron ore for Fortescue Metals Group is $US63 a tonne, compared with $US86.90 a tonne for Mount Gibson and $82.50 for Atlas Iron."

    What is Cockatoo cost per tonne?

    CK
    PLV Price at posting: 15.3¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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