Agree - when an absolute collapse in IO price results in 5% yield.... not much to complain about. Now that we have considered the downside, how about looking at the potential upside of IO price remaining where it is (or even going higher). How about a higher grade of IO that will come from the new mines. How about more tonnage overall from new mines. How about potential exploration findings and lastly how about the Hydrogen possibilities..... just worth looking at all angles I believe.
Iron ore price, page-23412
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