BHP is finally hinting of a engineered price rebound.
http://www.smh.com.au/business/mini...strained-by-output-surge-20141019-118b5x.html
BHP Billiton's marketing boss Mike Henry says iron ore prices of less than $US100 are the new normal, and the mining giant has incorporated that forecast into its plans. Mr Henry said the iron ore price was unlikely to eclipse $US100 for a sustained period, because at that threshold a lot more fresh supply is incentivised to market, which would in turn push prices back down.
"Could you see iron ore back up over $US100? For a short period of time, possibly, yes," Mr Henry said. "What I'm pretty confident about is that you are not going to see iron ore back above $US100 on a sustained basis in real terms ... Prices over the long run will be sub that sort of level. Is that baked into our plans? Absolutely, yes.
Could you see iron ore back up over $US100? For a short period of time, possibly, yes," Mr Henry said.
yes well see IO hover between $80 to $100us ..
that's $100au to $120au at AUD 80c to 90c
can GRR make money ..YES !!
- Forums
- ASX - By Stock
- GRR
- BHP hinting of a engineered price rebound
BHP hinting of a engineered price rebound
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $509.2M |
Open | High | Low | Value | Volume |
42.5¢ | 44.0¢ | 42.5¢ | $753.8K | 1.734M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 33651 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 269563 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 33651 | 0.435 |
5 | 84863 | 0.430 |
7 | 174612 | 0.425 |
7 | 56151 | 0.420 |
6 | 84952 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 269563 | 10 |
0.445 | 685246 | 8 |
0.450 | 285311 | 11 |
0.455 | 273453 | 7 |
0.460 | 298382 | 9 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
44.0¢ |
  |
Change
0.020 ( 2.97 %) |
|||
Open | High | Low | Volume | ||
43.0¢ | 44.0¢ | 43.0¢ | 341119 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
GRR (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online