ill come back in here at 15-17c for a quick gain too. Yep, the IO is getting smashed. The price is likely going to be low for a long time. But heck, ARI could just stop mining and buy their IO from other Australian miners (at 'farm gate' prices) and use that as their input. They should just start to exit the non profitable mines as many are now seeing IO staying low for years.
UBS cuts ARI to sell, page-9
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