'The point is the resource was only ever viable when the price spiked. The long term stable price is way under the production cost.'
Have a read of why the long-term stable price was always so low. It was a controlled market. Dynamics have changed immensely. Part of the current situation was the credit crunch. As this eases I am very confident personally that phosphate prices will rise significantly. The days of monopoly controlled phosphate rock pricing is over.
rock phosphate rises to $110 us fob morrocco, page-32
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.33M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $27.26K | 3.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2171348 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 504157 | 4 |
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| Last trade - 11.06am 01/11/2024 (20 minute delay) ? |
| AEV (ASX) Chart |