hrcka,
the big picture,
DSO iron ore is a finite comoditity..
Meaning if RIO & BHP continue with current ramp up of production,
they are in effect down valuing their reserves...Not good for shareholders of either.
So one would imagine this madness to abate at some point when the 'Cartel' ( Rio Bhp Vale) have shut down all marginal producers & new projects are shelved as the economics don't stack up.
SHH can with relative ease load up another ship as the Infastructure & labour are ready to go.
as opposed to FIFO work force in other areas.
So in answer I would imagine SHH would be able to keep on care & maintenance at least 2 yrs based on available funds & C & M costs...
Just IMHO,
do yr own research.
SHH Price at posting:
5.0¢ Sentiment: None Disclosure: Held
