Goldman Sachs agree with you on IO prices averaging up during 2020. They forecast realised prices will be USD $84 ton for YE 6/2020.
However prices will fall in 2021 as assumed lower prices impact the trend back down. Although this may not happen. I personally think prices will stay elevated.
GS are usually very accurate and forecast most of the metrics for YE 6/2019 with extreme accuracy.
A key issue will be increased CAPEX during 2020 and how they manage cash flow. But they will look after this OK I think.
GLTOH
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