Barkston. here is the cost curve back in May 22 2017 this year:
If you think UBS is correct, in 4 months, this is how these companies went:
BHP: US$33 to US$27, improve $6, I'll call it +US$6.
RIO: +US$2
FMG: +US$6, despite discount go from 85-90% to 75-80%!!
Vale: -US$4
Roy Hill -US$1
etc etc etc
So in you opinion FMG is really really BAD. Your favorite RIO is going gangbusters. I think you just shoot yourself in the foot here.
DYOR.
Frank.
Iron ore price, page-3020
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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