My quick calculation & I know this is simplifying it, but its pretty basic really;
If RIO Sells 340 mtpa @ $105 per tonne, they gross $35.7 Billion.
Or current strategy
Selling 340 mtpa @ $55 per tonne = $18.7 Billion.
How long does it take, if ever, to recover the lost revenue of $17 Billion pa.
Iron Ore Price, page-1316
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Last
$15.98 |
Change
-0.220(1.36%) |
Mkt cap ! $49.77B | |||
| Open | High | Low | Value | Volume |
| $16.40 | $16.41 | $15.91 | $111.8M | 6.888M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 19867 | $15.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.98 | 16531 | 34 |
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