Iron Ore Price, page-13596

"IO price above $60.00 medium term is all we need"

I'd rather be modelling 55 not 60 as likely, based on 1) nev's reported opinion of 50 to 60, and 2) my own understanding of how resistant existing suppliers are to staying in business rather than closing down when prices improve because their setup costs are sunk.

If Trump (or anything else) produces real extra demand that changes things though.

btw - i think the 2.9 billion debt repayments last year came in part from cash on hand, in part from finance income not operations (buying debt back at discount) and in part from operations. The first two are much less likely this year. Also when io price is low (last year) discount for ore grade may be reduced.

Summary, I agree with poster who recommends getting more capital behind and not wanting margin calls with share price at this level.

If think the io futures (and spot) are pricing in expected greater demand. Perhaps that expectation may be too high based on Trump 'policies'. Perhaps not.