You said:
“ FOB US$45 per ton
Profit- call it US$60 per ton (US$105-US$45=US$60)
21mtpax US$60 per ton = US$1,260,000,000”
You know there are also sustaining investment costs? You know there is also another USD 10 circa in shipping costs to China? You know there are impurity discounts? You know there are grade discounts? You know there is a thing called company tax? You know there’s a thing called rebates on the sale price of IO which is not inc in FOB? You know there’s inflation likely to drive up those FOB costs quoted?
unfortunately you are too emotional about your investment to objectively do the sums
MIN chart, page-89
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$37.38 |
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| Open | High | Low | Value | Volume |
| $37.90 | $38.48 | $37.21 | $49.19M | 1.305M |
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| No. | Vol. | Price($) |
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| 10 | 636 | $37.37 |
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| Price($) | Vol. | No. |
|---|---|---|
| $37.39 | 560 | 12 |
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| MIN (ASX) Chart |