Iron ore price, page-38402

Hi Nolan.
You haven't been around as much as you say you have been around if you are arguing we have just been through a resources "crash".
In a true resources crash even the lowest cost producers are in trouble. In 2014 through 2016 even BHP went cash negative for a while and the share price of BHP was in the mid teens. During that period there was speculation FMG would not survive. In the crash before that during the GFC Rio Tinto was at risk of going under and had to do a capital raise below $30 to protect their balance sheet.
The last few months have been a picnic by comparison. In 2021 iron ore companies like FMG have remained super profitable. The FMG share price remained high by historic standards. Our dividend will likely remain well above $1 for the half year. It was not a crash. Just a bit of shake-out. It was not even nerve wracking let alone terrifying like a true crash.