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