As Mr K mentioned at the AGM, minerals or I/O is cyclical. IMO it’s good FMS is not producing in this down turn. Sure if I/O were $200/300/ton peple would be rushing to produce but at the moment I/O price has no consequence to FMS. Lending groups might make funds more readily available if the I/O price were higher? They would have to look at the cyclical effect as well.
Toot toot
t/o, page-33
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