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.
Heya Alex. Yes it can go lower but the rationale I have read is...
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Last
$7.70 |
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Mkt cap ! $6.441B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.79 | $7.66 | $18.32M | 2.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 30034 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $7.71 | 32743 | 7 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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$7.69 |
Change
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| Open | High | Low | Volume | ||
| $7.72 | $7.78 | $7.66 | 438624 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WHC (ASX) Chart |