@BergerYou reckon the department of Industry, Science, Energy...

@Berger

You reckon the department of Industry, Science, Energy and Resources got the last few years correct with their IO predictions ?

If IO heads down to those figures for a sustained period the costs of mining will go down substantially, start ups and high cost mines will be mothballed freeing up contractors, labor and equipment resulting in surplus of all. Shipping costs will revert back to long term average and as with all businesses during downturns costs will be slashed.

Only have to look at 2014/15 when IO hit US$40 and the demise of FMG was predicted by many experts, 7 years or so later still ticking along having just reported a US$2.8B profit the last 6 months.

I predicted $0.89 dividend, anything over a $1 would have been reckless.

Most get your point, IO mining is cyclical but IO prices under US$90 long term results in all Chinese mines being unprofitable along with most new start ups. Capital won't be available for them, no such concerns for FMG, BHP, RIO.

You sound a little obsessed, maybe focus on some positive stocks.