Here are the prices achieved per ton sold versus cost per ton mined, half year at a time...
Dec 2008: $96 $45
Jun 2009: $68 $59
Dec 2009: $72 $51
Jun 2010: $82 $47
Dec 2010:$119 $61
Jun 2011:$145 $59
Dec 2011:$133 $55
Hard to read much into cost variations. Variations in waste mined versus ore and new project stages being commissioned while others are ageing. $55 seems a safe assumption for the near future.
Even the more pessimistic forecasts put IO prices > $100, with a floor being set due to the cost of production in China. I think there is a sentiment issue with Fe and China growth at the moment. But remember that Chinese authorities had been applying the brakes pretty hard via bank reserve requirements - so now there is plenty of depth to the accelerator pedal should it be needed. I feel very bullish about China's growth prospects for many, many years to come.
- Forums
- ASX - By Stock
- great management, board=great company
Here are the prices achieved per ton sold versus cost per ton...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 168024 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 80475 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 168024 | 0.410 |
5 | 213268 | 0.405 |
6 | 201910 | 0.400 |
20 | 488572 | 0.395 |
10 | 738500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 80475 | 5 |
0.420 | 256320 | 10 |
0.425 | 145000 | 5 |
0.430 | 110385 | 8 |
0.435 | 84986 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online