Posted On: 08/28/2013 9:52:23 AM
Post# of 8059
I just read that Fortescue's break even point is 80 bucks a ton.. That means they are clearing well over $50/ton at todays spot prices..
Good money to be had, especially at our costs of production, if we can get our ducks in a row. But once again we can't continue to drag feet for long, as India is starting to export again because their currency is slumping.. The iron ore market door opens and slams so fast, that we must be able to pull the trigger on any given day otherwise we will just be another could-a-been iron ore company imo..
I keep my fingers crossed for this company but arthritus is setting in after 3 years +...
Good money to be had, especially at our costs of production, if we can get our ducks in a row. But once again we can't continue to drag feet for long, as India is starting to export again because their currency is slumping.. The iron ore market door opens and slams so fast, that we must be able to pull the trigger on any given day otherwise we will just be another could-a-been iron ore company imo..
I keep my fingers crossed for this company but arthritus is setting in after 3 years +...
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