At $70/t everyone will be bringing on more supply given lucrative margins. West African development would be a certainty.
Which is why the bottom-up analysts are $60/t or below. And which is self evident in any cost curve.
Yet you've pulled $70/t out of thin air with no fact base.
So CFOs, analysts and actual buy side investors are all wrong - but someone who puts a $13 share target on FMG in a forum (and says BHP is about to be an Enron, and that Rio is finished in the Pilbara in 15 years) is an "expert". So to is the guy who said Roy Hill sells 52%Fe, or the one that saw a few cranes in Shanghai recently which extrapolates into perpetual demand for urbanisation.
Where on actual reflection do you think the expertise is?
Iron ore price, page-185
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$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |