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Boom times return?
FMG is a high cost producer compared to the likes of BHP / Rio. Any iron ore price crash leaves them very exposed. Heaps of debt, burning diesel instead of gas for power, assets which are yet to be depreciated, lower production rates compared to the others to pay back the cost of their...- HiEquity
- Post #15
- Forum: Property Market Economics
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Boom times return?
Hi HotRod If you're referring to iron ore projects, no-one gets price certainty for longer than 3 months anymore. The terms "long term contract" and "iron ore" don't really belong together... Oil and gas is a completely different kettle of fish of course.- HiEquity
- Post #10
- Forum: Property Market Economics
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Boom times return?
Hi Ausprop You obviously live in Perth! 14.5% annual growth and 3.9% unemployment - that's hard not to notice out in the street. BTW I don't view BHP as playing games. Remember that in the iron ore market they only get price certainty for a quarter of a year at a time. They would be...- HiEquity
- Post #5
- Forum: Property Market Economics