Heya Alex. Yes it can go lower but the rationale I have read is that as soon as you go below a certain part of the cost curve (ie if you go below what peoples cost of production is) it will take the producers out and bring the price back up. I was reading that this has gone up considerable between 2020 and 2022 and that 50th percentile is ~$115 and this used to be $80.
Is this true? I dont know if I can believe the actual point is this amount. But to me obviously a point does exist and it has gone up with inflation.
Target $18.72, page-8032
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Last
$6.82 |
Change
-0.040(0.58%) |
Mkt cap ! $5.705B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.89 | $6.78 | $29.97M | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5212 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 9785 | 3 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |