CLF had all in margin costs of 120 in Canada where they shut an iron pellet plant

and FMG- fortescue-had margin costs of ca 100 also - which is why they yelled the loudest re the new may 2012 30% australian export tax -so these are the average cost prices for the co's

remember a bank in a recent article i posted said 1/3 of chinese production is at a loss at these iron prices so big three are hoping to shut down domestic chinese iron pro to gain larger market share at expense of price