Hi BP
Yeah I get that - but its not conveyed in the article. Who are we, or analysts, or anybody else outside the industry to say how long a mine can sit idle on care and maintenance for? It could be years for all we know waiting to re-enter when the opportunity presents. The whole concept potentially seems fundamentally floored to me. Further to that, even at $60 per tonne it still really is only the 4 players still viable. The idea that suddenly the whole industry is once again flooded in cash and will be back in the market again is also bullish*t. This is also the false inference of the article. This not to mention that as the cost of iron ore rises, so too does the price of shipping, oil, and the aus dollar - so $62 really isn't $62. It annoys me the blatant misconceptions that are published.
Hi BP Yeah I get that - but its not conveyed in the article. Who...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |