The average analysts is at about $80/t long term and around $15-$17 share price valuation. A $60/t long term average would do some significant valuation damage.
But keep in mind:
- A single buyer to control demand is one thing;
- Supply is another.
Does anyone know of an economic policy China has implemented of late that hasn't backfired?
Iron ore price, page-48582
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Last
$27.24 |
Change
0.300(1.11%) |
Mkt cap ! $83.87B | |||
| Open | High | Low | Value | Volume |
| $27.33 | $27.50 | $27.16 | $96.28M | 3.521M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 976 | $27.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.27 | 2423 | 2 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$27.29 |
Change
0.300 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $27.35 | $27.50 | $27.16 | 507006 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| FMG (ASX) Chart |