and these news items say it all, re the track record of our board:
todays fin paper:
Iron ore rebound could deliver $6.5b boost to federal coffers
After dipping below $US100 a tonne last year, the iron ore price rallied in the early weeks of January and could deliver a more than $6.5 billion budget surprise later this year for Treasurer Josh Frydenberg or his successor.
The iron ore price rose 24 per cent in January and topped $US150 a tonne this week before easing slightly; but while elevated, the price is still well below the record $US237 a tonne in May last year.
***********************
remember - our Board told us way back, when they were recommending the Option Deal, that our mine would not be profitable until the price of iron ore was US$82/t or A$85/t (I cannot remember)
then this today's ASX action:
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87.0¢ |
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Mkt cap ! $173.8M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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87.0¢ | 6412 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1316 | 0.760 |
1 | 25 | 0.740 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.870 | 6412 | 1 |
0.885 | 3999 | 1 |
0.890 | 9868 | 2 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
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