PLV pluton resources limited
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is china's demand for iron ore real?, page-5

  1. SuperTim
    1,754 Posts.
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    04/06/12
    11:16
    Post #: 10261995
    yep its looking great DJ1.. 15c? quite possibly yes, i'm a buyer at that price. just sit back and enjoy the show

    am staggered that the price of IO is up to $135/tonne. this cant last at those levels in this market.

    so assume it drops to $100/tonne (that's 26% drop from here), and assume the AUD in correlation drops to US$0.75 given we are a commodity currency. so $100/tonne gives PLV a price of $130/tonne converted to AUD is AUD$173/tonne with an opex around AUD$73/tonne. Still stacks up..

    cheers
    SuperTim
    PLV Price at posting: 16.7¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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