IMO they shouldn't be mining just to break even or to keep the road trains moving. Perhaps they could stock pile the shine product on site or at the Inland port and wait for more favourable prices. IO Prices usually rebound as we head into the northern hemisphere winter.
W11 is a different story and Sinosteel backing should insulate them somewhat. Does anyone know whether Sinosteel are the sole offtake partner for the W11 product?
AIMO
DYOR
IMO they shouldn't be mining just to break even or to keep the...
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.8¢ | 26.5¢ | $481.2K | 1.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1008877 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 239848 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |