ARI
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The IO price increase couldn't come at a better time.Say 11-12M...

  1. kayaker
    44 Posts.
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    08/10/12
    23:51
    Post #: 10830641
    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.

    ARI Price at posting: 81.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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