My quick calculation & I know this is simplifying it, but its pretty basic really;
If RIO Sells 340 mtpa @ $105 per tonne, they gross $35.7 Billion.
Or current strategy
Selling 340 mtpa @ $55 per tonne = $18.7 Billion.
How long does it take, if ever, to recover the lost revenue of $17 Billion pa.
Iron Ore Price, page-1316
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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