The current “short term” Fe price is good for CURRENT PRODUCERS. However, FEX is not one of these and by the timeline they have given they won’t be mining until next year. So it would be fair to assume first revinue will be at its best late Q2 of 2020.
You can bet that RIO, Champion Iron and other 66% Fe producers will be taking advantage of Vale’s loss.
Therefore I don’t think it is fair to base the MC or potential MC of FEX on current Fe pricing.
Ann: Additional High-Grade Extensions Identified at Iron Ridge, page-50
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 212408 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 18176 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |