@blox
So what your saying here is that at about the time the major debt payments are due will (likely) be about the time the effective mine grades decrease (USD/tonne cost increases). If this also happen to co-incide with a prolonged IO price bear market then FMG becomes insolvent or cash poor. So what, do we hope that India gets a tonne of investment and becomes the new China, spiking the IO price.
Iron Ore Price, page-794
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$21.64 |
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| Open | High | Low | Value | Volume |
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