The IO price increase couldn't come at a better time.
Say 11-12M tonne p/a at an increase of USD 8.96 = around $100M
extra profit x P/E 7 = $700 Mill extra capitalisation.
Something for the Koreans to think about.
Maybe there will be a floor price of USD 120 afterall.
The IO price increase couldn't come at a better time.Say 11-12M...
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