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Ann: Company Update - January 2018, page-73

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westcott

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23/01/18

20:56

Post #: 30511951
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Originally posted by malmanu ↑

Forecast iron ore prices for 2018/19 expected to be much lower and back under US$50/t , this will make funding difficult but not impossible as the chinese are mostly after the ore and not the profits , bringing down the iron ore price is their number one priority.

SDL ownership of Cam Iron could drop to only 37.5%

Stage 1 ore delivered to China $28/t including $16/t for rail and port capital charge is US $44 where forecast iron ore is headed.

Im guessing they get extension but really don't see any rerate short term.

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Hi malmanu.

The so called experts called around $45 to $50 by the end of 2017.

Regards
Westcott.

SDL Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

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