Not really, for instance.
If i was in the CEO's shoes.. If the IO price hits $50.. All you have to do is buy a futures agreement, or lock in a forward, or better yet take out a put option for IO. And you can easily continue production while locking in that higher price. Hence as you can see, the amount of time the IO price remains at $48-50 makes no difference.
I've seen a few small cap miners and energy firms do this, it saved their bacon a lot. Perfect example is SXY.
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bci minerals limited
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34.8¢

IO price on increase, page-6
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Last
34.8¢ |
Change
0.008(2.21%) |
Mkt cap ! $996.1M |
Open | High | Low | Value | Volume |
34.5¢ | 34.8¢ | 34.3¢ | $32.02K | 92.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 101927 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 501658 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 58360 | 0.345 |
20 | 351817 | 0.340 |
12 | 359010 | 0.335 |
17 | 459231 | 0.330 |
10 | 139857 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 501658 | 21 |
0.355 | 23053 | 3 |
0.360 | 108779 | 8 |
0.365 | 236269 | 5 |
0.375 | 25000 | 2 |
Last trade - 11.11am 08/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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