Agreed. Grange is very vulnerable if the iron ore price cycle repeats and iron ore drops back below USD50 per tonne. In that scenario Grange will be in a world of pain. And its a realistic scenario its only 3 or 4 years ago we were there. Minong cycles have ups and downs and i am concerned Grange is exposed to the down. They need to really focus on their cost of production to reduce it to give themselves headroom in the next downturn.
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Agreed. Grange is very vulnerable if the iron ore price cycle...
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