I hear you 1sime1,
I doubt CIA will ever get near $2 again but $2.40 is possible (my buy-in price) if Iron ore goes under US$100/t in early 2020.
Here's the latest from Vale:
https://www.macrobusiness.com.au/2019/08/vale-track-ore/
Labrador's Scully Mine is also finally coming back online after Cliffs closed it in 2014.
They will take the rest of the year to ramp-up but will have 6mtpa high-grade output capacity in 2020 & destined for customers in China.
Not huge volume but helps to fill the supply gap left by Vale.
.
Ann: Quarterly Activities Report, page-11
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Last
$5.61 |
Change
-0.140(2.43%) |
Mkt cap ! $2.906B | |||
| Open | High | Low | Value | Volume |
| $5.74 | $5.74 | $5.56 | $20.60M | 3.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4027 | $5.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.62 | 7981 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| CIA (ASX) Chart |