The title is obviously facetious given one should never pity a billionaire and neither Gina Rinehart nor Andrew Forrest is in and danger of being anything else. But it is an interesting exercise to define which of Australia’s two most prominent iron ore billionaires is in more trouble vis-a-vis their respective firms, Fortescue and Roy Hill.
With that in mind I’ve done my best to calculate which of the two firms will be losing money first and, more importantly, last.
Comparing BHP, Rio, Fortescue and Roy Hill cash costs
