Goldman Sachs agree with you on IO prices averaging up during 2020. They forecast realised prices will be USD $84 ton for YE 6/2020.
However prices will fall in 2021 as assumed lower prices impact the trend back down. Although this may not happen. I personally think prices will stay elevated.
GS are usually very accurate and forecast most of the metrics for YE 6/2019 with extreme accuracy.
A key issue will be increased CAPEX during 2020 and how they manage cash flow. But they will look after this OK I think.
GLTOH
Iron ore price, page-15742
-
- There are more pages in this discussion • 38,557 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.56 |
Change
0.120(0.65%) |
Mkt cap ! $57.14B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.68 | $18.30 | $218.7M | 11.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 57703 | $18.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 4301 | 2 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |