EIO 3.57% 29.0¢ energio limited

bloomberg article on iron ore prices, page-4

  1. 2,918 Posts.
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    dipper888
    Excellent find thank you .
    23 Billion for new mills .One wonders how big they will be and how many mills you can get for 23 billion .
    At 4.7 billion to develop SDL you could get 4.89 mines and infrastructure .
    Makes EIO LOOK good to me.
    To spend that sort of cash you would expect steel production to continue for a very long time at these levels or above .
 
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