2018 was a poor year with prices at $70 usd a tonne. GRR averaged $149.76 aud per tonne with costs of $100 aud. They paid a 2 cent FF div that year.
If you think IO is going to go below $70 a tonne, then you probably think gold is going sub $800 oz. India is at the start of what China went through in the past 20 years., they are industrializing. Govts will spend spend spend to pull the world onwards and IO may not last here, but definitely won't be at $70 when I'm holding.
When the boat comes in???, page-1688
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