Sushi1 as I've previously said the sp will probably drop well below 75c at the next market weakness.
I wouldn't be surprised if you could pick shares up for 65cents.
I can't keep on bagging the management in this venture; it doesn't change things.
But my worry is this:
my research shows that IO prices should peak during 2011, thereafter falling by maybe 50-60% over 5 years. Reason being an increasing supply and a falling demand.
If we start exporting within a year we could be selling into a falling market.
Just a very quick look gave me costs of say $90/t so there doesn't appear to be much leeway in a time line.
You can't help poor timing.....or can you.
TRF Price at posting:
48.0¢ Sentiment: None Disclosure: Held
