its pretty much at a 5 year low now (9.6c v a high of $3.10)
these are great assets. Despite the high capex (which is still about average for the industry), the forecast opex from the PFS was about $20/t, thats at the very bottom of the cost curve, not to mention its a premium Fe product
hard to see these assets being worthless
the coal asset in indonesia would be a great money spinner too, though the legal issues around this are more complicated
unbelievably cheap find out here why, page-15
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