The spot price is iron ore's current cash cost for immediate purchase and delivery at today's price (~$215/t and is available to monitor daily here https://www.marketindex.com.au/iron-ore).
Morgan Stanley have applied a discount rate to determine a valuation based on forecast production at today's spot, which is almost double where the current share price is.
The spot price is iron ore's current cash cost for immediate...
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Last
$4.97 |
Change
0.000(0.00%) |
Mkt cap ! $2.627B | |||
| Open | High | Low | Value | Volume |
| $4.95 | $5.01 | $4.90 | $5.389M | 1.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1111 | $4.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.00 | 1111 | 1 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$4.98 |
Change
0.000 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $4.94 | $5.01 | $4.90 | 264673 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| DRR (ASX) Chart |