iron ore price dips to $154 from, page-3

BlueyBorder

From what I have read in the Financial Review, Iron Ore Experts, FMG and even RIo I believe are all predicting that the current IO price is a spike and they see the IO price coming back to $120 per tonne in 2013. You suggestion that $140 per tonne will be the minimum would be great for my position with GBG, however I am not seeing that being greatly supported in the newswires. I am holding on to GBG for the time being because I believe that there is a chance of a retest of 0.35-0.36 ps. However, Q3 and Q4 of 2013 are likely to see prices closer to a $120 per tonne if you believe the experts...This will obviously not be great for GBG...