the biggest problem I see is BHP and RIO. They will do everything they can to flood the market for as long as they can.
yes it will cost Australia a lot of $.
However less competition for rio and bhp means a duopoly, that is the most likely outcome.
Funny enough maybe if the price is below $60 BCI could even be better off buying the I/O directly from RIO at a discount to keep the supplies up and profitable while doing maintenance without having to dig anything out at all.
IO Futures says bottom, page-12
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