Hey preay003, I thought Simandou would be a problem as well but you must have missed the fact that they Baosteel will be using Onslow ore to blend with Simandou ore for years to come. So barring world war 3 even if BHP and RIO can't make a sale to China MIN will be good. My main question is how fast they can ramp up Onslow to decrease costs to a reasonable level.
I'm letting this downtrend play out before I get in.
Hey preay003, I thought Simandou would be a problem as well but...
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Last
$36.17 |
Change
-3.340(8.45%) |
Mkt cap ! $7.108B | |||
| Open | High | Low | Value | Volume |
| $39.21 | $39.33 | $36.07 | $129.5M | 3.436M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1700 | $36.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.17 | 25 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |