So says some bloke at some outfit called Market Matters, from The Australian:
“FMG has been a brilliantly run business over recent years, slashing its costs, hence giving confidence to any suitor that they will survive as Iron Ore plunges, down around 70 per cent in around 5 years,” said MarketMatters.com.au.
“Impressively, FMG have reduced their breakeven point to ~US40/tonnecompared to around $US60/tonne in late 2014.”
