FMS mgt want to revise the price of production so below is an example, first target, they can obviously do better with there vast experience in mining. . Roy Hill making $$ when I/O price is in the low $40.
http://www.businessspectator.com.au/news/2016/2/2/markets/iron-ore-above-roy-hills-break-even-point
Iron ore above Roy Hill’s break-even point
• Elizabeth Redman
•
Gina Rinehart’s Roy Hill iron ore project could just eke out a profit after a jump in the price of the commodity overnight.
The price of iron ore rose by 2.4 per cent to $US42.50 a tonne overnight, consolidating last week’s modest gains.
Korean steelmaker POSCO, a partner in the Roy Hill project, has said the mine needs the price to be at least in the low $US40s to make a profit.
Last week, when the spot price was $US42.43 a tonne, POSCO said the mine would make a profit at current prices, Fairfax Media reports.
When the mine fully ramps up its production, its cost of production is expected to fall to the mid $US30s.
I/O price went up O/night
- Forums
- ASX - By Stock
- RHK
- I/O Price
I/O Price
-
- There are more pages in this discussion • 11 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 RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
80.5¢ |
Change
-0.015(1.83%) |
Mkt cap ! $160.8M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 80.5¢ | $2.347K | 2.915K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 1694 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42 | 0.800 |
1 | 16200 | 0.760 |
1 | 5538 | 0.740 |
1 | 1309 | 0.700 |
1 | 7246 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 4641 | 1 |
0.870 | 3999 | 1 |
0.880 | 10355 | 1 |
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
Last trade - 15.15pm 26/07/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |