Agreed that inflation wouldn't be accounted for, however $10 to $40 in 20 odd years is well in front of inflation I think
Just not sure what the complaining is about because if the breakevens are all down in the 30's and going lower, how is a price in the 40's worth complaining about so much? This is commodities not tech markets. Is it just that the corporate memory of fmg doesn't include low margin iron ore production?
If the price and stayed up $100+ wouldn't more companies have just done or tried to do what AF and Gina have done and we'd still end up back here anyway? His 60+% hits somewhere in the Pilbara just confirm what everyone knows, io isn't in short supply in the ground
Agreed that inflation wouldn't be accounted for, however $10 to...
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