Hi Mick. I have always thought $70pt would be reasonably close. Working off Fex’s FS and tweaking numbers it is easy to come out at 70. Spot price and exchange rate are the only variables.
If 70 where it is then 70 mil it is.
FEL is an unknown. If they can make there required tonnage then add multiples of millions to this and is not unrealistic to see 100 mil in the next 12 months.
excluding expansion I would be very surprised to not see $1 sooner rather than later.
Ann: First Shipment on Track as Iron Ore Stockpile Builds, page-543
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