Oh yes granted. That sounds fairly convincing and, contrary to most people here, you acknowledge some of the challenges and have done some research.
The question is can they make a profit at 45Mtpa? Fixed cost of rail, port and interest alone will chew up much of the revenue. Then there are maintenance and spare parts and unforeseen issues (cyclones, HSE issues, strikes)
So assuming they do reach 45 fairly quickly I still think they will strugle to do so profitably.
It sounds like you have made your decision. So have I. WE will see soon enough.
once there was a dream, page-34
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |