Gina’s folks are putting on a brave face. From The Australian:
Roy Hill chief executive Barry Fitzgerald said the company’s financing plans had not suffered a setback despite the recent forecasts.
“I don’t believe so,” Mr Fitzgerald told an iron ore conference in Perth on Wednesday.
“The reality is our long-run iron ore price is based on the consensus of the products and that’s where the investors and the financiers are comfortable.”
“I haven’t seen a big move in the long-run iron ore forecast for the last six years.”
That’s funny, I have. A lot! The price went far higher than anyone ever expected. And it will probably do the same in reverse…
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Still, I expect the project to still go ahead. With Gina standing behind it, why not give it the money?
