Exactly
What if.
That is the gamble.
Price cycles usually head up fast
Then drift down
Gold hit $1800
Took years to drop down to $1050.
And 3 years later hovering at $1300.
Iron ore hit $150 now around $90.
The thing is that prices didnt begin to rise again
until some producers started shutting down.
I will expect Spod prices will rise
Atfer some producers close down.
That may be awhile yet
Cheers
Ann: March Quarter 2019 Results Conference Call, page-180
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)