Min and Lithium, page-54

Can i ask you what you think will happen to sp if Ellison is to develop the Ashburton and run Yilgarn into the red.
This is what Ellison have announced as per article in the afr.

Also, some expect demand for iron ore to be 900m tonnes for the next 2 or 3 yrs.
in April the demand had an annualised rate of 1.2b tonnes.

he believe iron ore will stabilise around 100 per ton.
Being the 5th largest iron ore producer... i think min breakeven is around 75 to $80per ton. So good chance it can go into the red.

I only like min for its lithium mines, but i am unsure how the market will react to it when the iron ore (est 90% of min revenue) goes into the red

i think this guy has to much $$$ and not enough cents, as his love for iron ore is clouding his judgement....i hope i am wrong.

i prefer lithium for the next 5 to 7yrs over iron ore.