Dryblower: Iron ore silly season kicks off

SILLY season in the Australian iron ore industry kicks off this week when the big three miners of the material boast about their low costs per tonne while everyone, including Dryblower’s dog, knows that the more important measure of success is profit per tonne.

Dryblower: Iron ore silly season kicks off Dryblower: Iron ore silly season kicks off Dryblower: Iron ore silly season kicks off Dryblower: Iron ore silly season kicks off Dryblower: Iron ore silly season kicks off

Measuring costs, while important, will never tell an investor whether a mine is profitable because the quality of the dirt being dug could be absolute rubbish and price received making it not worth