that's like saying steak from a cow bought at cattle yards for $3 a kg won't sell for $15 at the supermarket. IO has been artificially driven low by the CCP as a lesson to Australia and will bounce back just like coking coal has. otherwise they have shot themselves in the economic foot as development is a huge portion of their economy and that requires steel and plenty of it. The red ore is the lifeblood of their economy
Warning: this 9c share may only be worth $4 if the price of iron ore slumps to $100, page-20
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2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $26.42M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 234550 | 2.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1238460 | 3 |
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