Appreciate your thoughts as always dott, and you may well be correct, however to me it makes a lot more sense the other way around.
The price of meat pies or beer, is not about to drop in price, and neither of them are anywhere nears as necessary as coal... and the market in SAF is $120 at the minegate, end of story.
All the pundits saying iron ore is going to $75 for a prolonged is BS. There won't be any sales whatsoever at $75 because I don't think anyone would be profitible and they would close every IO mine until the price improves which could cause supply to dry up and prices to improve.
And away we go again. Depends where you think we are in the cycle I guess.
afr article, page-20
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