we are lower than that, US130 /t last night
If this goes any lower, 110-120/t, it could trigger STOP.
Trading halt, and care and maintenance. IMO. ?
How could they continue if costs exceed revenues.
I dont know where the stock would open after that. 10c-14c ?
If you look at the 2 year chart, then add the cash 7.7c per share we have as a back stop.
This is why for mine, today we moved to a knife edge of capital protection.
It could go one way, or the other. Whats stopping i/o from heading back to 100/t ?
If china curtails its steel production this quickly and sharply to cut the price of inputs.
Ann: C4 Iron Ore Deposit - Production Update, page-35
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