Companies sitting on large high grade IO reserves in the ground have far less risk & costs associated with them than a producer who has made huge committments to ship IO in current market,i.e. interest & shipping rates really bit into falling IO revenue per ton.
IO resources in the ground can wait the appropriate time to be developed i.e. price/costs all favourable again.
It is very hard to wind back huge committments in this market without paying a high price for the cutbacks, so be warned.
Regards
Buffett
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$21.15 |
Change
-0.520(2.40%) |
Mkt cap ! $65.58B |
Open | High | Low | Value | Volume |
$21.48 | $21.50 | $21.08 | $43.56M | 2.045M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 3439 | $21.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.16 | 1138 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2784 | 21.130 |
10 | 2519 | 21.120 |
9 | 2618 | 21.110 |
18 | 15615 | 21.100 |
11 | 7452 | 21.090 |
Price($) | Vol. | No. |
---|---|---|
21.140 | 4462 | 22 |
21.150 | 6044 | 21 |
21.160 | 4731 | 22 |
21.170 | 1877 | 7 |
21.180 | 5021 | 11 |
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