The ore price will be controlled around or just above the 90 mark
FMG break even point is 79/tonne
You would imagine the US investors who put billions into FMG as an investment will not want to lose money.
So it holds around 90, FMG stays alive in this example, the investors collect their interest payments (FMG due in December) and the economy ticks along.
Got to love central planning
CK
The ore price will be controlled around or just above the 90...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)