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IOP futures are sitting around $108 USD in an upward trend from...

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chrisblink23

361 Posts.

85

08/12/21

22:32

Post #: 58173248
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Originally posted by Cooksbooks: ↑

So, Savage River - similar kind of proposal - is up in EPA's site this morning as well as publicized on the local city council's web site. It seems the EPA won't present the corresponding advertisement of proposal unless the city council goes first. So, more pressure on Circular Head to get their Circular Heads out of... the ground... ummm.

I know IOP is rubbish by now, but I would rather have a permitted mine ready for when the price recovers than this interminable process - which I do not blame Sanjay for, having been on the phone with both the EPA and Circular Head Council and come away disappointed at their limited capacities.

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IOP futures are sitting around $108 USD in an upward trend from its November lows of $92USD. can it keep going? who knows.

If the price hangs around $108 USD... that's over $150 AUD once converted.

I remember last time when NBR was up and running, I think Sanjay said that the all in operating cost to get product to port was $72AUD... still looks to be quite profitable if IOP stays where it is - Or keeps rising IMO.

Great time to pick up a parcel!

SHH Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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