FMG's cost of production is $13 p/t so IO can be $20 and they're still making ok coin on 200 million tonnes. How much margin is enough? At anywhere close to these numbers it's licence to print $$ surely??
Iron ore price, page-24036
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Last
$17.55 |
Change
0.055(0.31%) |
Mkt cap ! $54.80B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.51 | $43.15M | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 459 | $17.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.55 | 2546 | 18 |
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