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Cliffs Natural Resources Inc. Message Board

  • kaychen45 kaychen45 Apr 24, 2013 2:35 PM Flag

    Iron cost:per 2/12/2013 earning report

    Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2012 Results
    CNW GroupPress Release: Cliffs Natural Resources Inc. – Tue, Feb 12, 2013 4:12 PM EST

    The following table provides a summary of Cliffs' 2013 guidance for its four business segments:
    US iron Ore (1) Cash cost: $65 - $70
    Eastern Canadian Iron Ore (2) Cash cost: $100 - $105
    Asia Pacific Iron Ore (3) Cash cost: $70 - $75
    (1) U.S. Iron Ore tons are reported in long tons.
    (2) Eastern Canadian lron Ore tons are reported in metric tons, F.O.B. Eastern Canada.
    (3) Asia Pacific Iron Ore tons are reported in metric tons, F.O.B. the port.

    If CLF can sell Iron ore $138 then it should beat the expectaions.

    Sentiment: Strong Buy

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