Gerardibus - The IO price cycle continues.... Based on the scoping study, RHK is profitable at prices above ~$USD60/t with C1 cost forecast at $USD50/t. This is based upon 3Mtpa output. Target output appears to be now 5Mtpa, which would lower this further.
The NPV is sound as RHK used LT forecast IO price of $USD89/t. IO price is holding steadily above $USD100/t. The price being maintained around 100-130 is actually better and more sustainable than spikes up to $160-200 and is less likely to encourage China to stockpile and manipulate prices lower.
Africa is still a number of years off producing any real volume that would put a dent in global supply in my opinion. For example the biggest future IO mine in Africa Simandou is planning to produce 60Mtpa from about 2028/29 onwards... that is only about 5% of world supply.
To the comment re: Port capacity at Port Hedland. Utah Point has capacity of 24Mtpa for IO and Atlas (the major supplier through that terminal currently) is pushing through about 9mtpa plus a few other smaller players (<2Mtpa) so there is ample capacity for RHK's 3-5Mtpa based on my research.
Gerardibus - The IO price cycle continues.... Based on the...
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Last
87.0¢ |
Change
0.040(4.82%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.0¢ | 85.0¢ | $1.011K | 1.189K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4218 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 1997 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
88.5¢ |
Change
0.040 ( 9.26 %) |
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| Open | High | Low | Volume | ||
| 88.5¢ | 88.5¢ | 88.5¢ | 197 | ||
| Last updated 15.34pm 10/05/2024 ? | |||||
| RHK (ASX) Chart |