From the Quarterly Report
"...Based on current expectations, a sustainable CFR 62% Fe iron ore price in the mid-US$50’s per dry metric tonne (‘dmt’) and an Australian dollar exchange rate in the low 0.70’s (or similar combination) over the medium term supports a restart of the NJV...."
The price of IO is $55+ for most of April - the condition required for restart NJV.
Anyone thinking restart of NJV is near? now that the IO has broke $63.30 resistance.
From the Quarterly Report "...Based on current expectations, a...
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