Iron ore price <$20, page-4

Alex
What is milk goes back to 20 c a liter and I can buy a house in Melbourne for 100k and for 10c I can buy a mix bag of lollies
At sub 20 every IO producer is losing money . Thus supply will fall rapidly and the price will rebalance. Simple laws of demand and supply
MgX only have 35 m to spend including continegency as that it approx 2 quartets of IH cash flow . They aren likely not going to deep below 420 m cash peak draw down so I would say not much to worry about