Riley Iron Ore Mine - Progress, Photos and Calculations, page-686

let's do some quick math

6c = 60-70m MC for a company which is at near term production producing iron ore at $56 a ton and selling for let's say $140

at 820kt a year that's about 70m ebitda

this down ramping is actually laughable the more I see these complaints

might I add for those that think iron ores bull run if finished
this would be the 3rd or 4th time in 12 months that China have "reduced" production
first in January for a couple of weeks which caused a small drop in IO
then in feb or March I can't remember exactly but it was something to do with the wet season in China and Chinese New Year
then in may they started implementing shut downs for environmental concerns cause we all know how much China love our beautiful planet and want to preserve it
now is the same as last time
I'm not saying we're going to hit new ATH for iron prices
but I'm pretty confident we won't drop below $150 for 62% and if we do it won't be for long
alot of infrastructure spending around the world which all needs steel and this will happen over the next 3 years atleast
iron prices will be this high well into next year
all my opinion DYOR