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I've just been reading through Fortestcue's most recent quarterly update. They are forecasting that once at 155mta production their all in cash cost of production will be $40US wmt (per wet metric tonne).They report their costs per wet metric tonne but they report their revenue per dry metric tonne. Do Fortescue sell their iron ore as a "wet" product and will this be the case when they have finished expanding and are blending all their production? If so, what is the price discount for their wet iron ore versus the dry price they quote and what is it likely to be the same once they are at full production? I'm confused by this.Also, has anyone seen any figures as to what their total costs are forecast to be once they have reached expansion?Basically I would like to be able to grab a forecast of earnings for FMGs total planned output of 155mta.
I've just been reading through Fortestcue's most recent quarterly update. They are forecasting that once at 155mta production their all in cash cost of production will be $40US wmt (per wet metric tonne).
They report their costs per wet metric tonne but they report their revenue per dry metric tonne. Do Fortescue sell their iron ore as a "wet" product and will this be the case when they have finished expanding and are blending all their production? If so, what is the price discount for their wet iron ore versus the dry price they quote and what is it likely to be the same once they are at full production? I'm confused by this.
Also, has anyone seen any figures as to what their total costs are forecast to be once they have reached expansion?
Basically I would like to be able to grab a forecast of earnings for FMGs total planned output of 155mta.
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