Seems to me that VMS had a price bubble without proper costing for Riley Iron Ore mine - for example Iron ore price are falling and shipping cost is rising. TAS is already very far from WA. So, additional freight cost seems reasonable but that would impact VMS profit! Has anyone thought about it?
If Iron ore price drops further then what would happen? Any comments?
Any idea/ news on first iron ore shipment from TAS Riley ore mine?
DYOR
Price bubble
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