PLS average cost per ton is $US630 they still raking in at $1800 or $1500 or at $1200 or predict extreme low of $800
their cast pile can just keep growing but at a slower pace, once it get down below $1000, most marginal producer will be out of commission
volume will stop, very similar case to Iron Ore 7 years back, BHP RIO and FMG then raking it in come the recovery
PLS will followed the similar path
BROKER DATA PILBARA - PLS, page-33
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$3.11 |
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