I think iron ore price at US$120 at time of first shipment would be an awesome outcome (of course the more the better).
Take it with a grain a salt but I don’t think iron ore will be impacted by any political tension between Australia and China; they need each other.
Also does VMS off-take agreement with Singapore Prosperity avoid any issues between Australia and China as wouldn’t our agreement be with a Singaporean company? Either way, I think iron ore is a protected specie in the China and Australia tension.
Also Vale reduced forecast for 2021 will also help iron ore price stay high in 2021.
I think iron ore price at US$120 at time of first shipment would...
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