Was fortesuce falling from $5.80 to $1.70 because it was a Tier 2 miner as well?
I think the term you are looking for is diversified miner. The more diversified the earnings the less susceptible they are to single commodity price swings.
Rio Tinto is another Tier 2 miner as well I guess, share price halved from 2010 to 2016.
The mentalist, page-54
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Last
$5.85 |
Change
0.100(1.74%) |
Mkt cap ! $4.430B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $6.01 | $5.64 | $25.69M | 4.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11429 | $5.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.87 | 3743 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |