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
$7.67 |
Change
-0.130(1.67%) |
Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.77 | $7.62 | $35.67M | 4.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 6 | 104006 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $7.69 | 29647 | 2 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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$7.68 |
Change
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| Open | High | Low | Volume | ||
| $7.75 | $7.76 | $7.62 | 1758191 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WHC (ASX) Chart |