"It did over the last few years. In that scenario the low cost producers like FMG tighten their belts and the high cost producers go in to mothballs. "
You are not letting me down but basically confirming what I wrote:
"As FMG can deliver at lower cost than others they could be at least the 'last man standing'."
China will still need our IO for a long time but maybe only half of what the were importing when it was $200.
My prediction is also $100. I can not see any reason why it would go back to $55 unless China cancels all imports full stop!
I wonder how long they can hold onto that with all the weaponry and infrastructure they are constructing in the South 'China' sea.
"It did over the last few years. In that scenario the low cost...
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$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| FMG (ASX) Chart |