kara, once that $1.4B disappears next year thats most likely another $2 or so interest saving per tonne.
2019 is to far out to be contemplating now. The US is up and running, the EU is mirroring what the US has done over the last few years, By start of next year who knows the EU would be in a much better spot than now, if so then steel consumption will take off and it will leave the Chinese in less control of the iron ore price, so what would FMG be making per tonne now of their low base if IO is at $70/t - $80/t ?
will be having lamb on the spit re! 24/7
$5.00-$10.00 profit is plenty at 160/mtpa, it would be better if they went up to 180/mtpa-200/mtpa
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