For those invested in FMG for a long time, how does the FMG sp in correlation of IO prices?
I understand higher the IO prices higher the sp, is it the same when IO prices are lower or during corrections?
Say if for some reason Brazil out of nowhere got a hold of the COVID19 and starting to double the shipment and IO prices fall 15%-20%. Historically, would FMG's sp also fall around 15-20%? If not, historically how does FMG's SP reflect when there are significant falls on the IO prices?
Trying to weighting between risk and rewards here before committing more $$$ into it, not many investments have reasonable returns at the moment.
Sorry for the silly question as I am new to mining company investing............
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