GBG gindalbie metals ltd
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iron ore price dips to $154 from, page-7

  1. Keyser_Soze
    113 Posts.
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    16/01/13
    18:08
    Post #: 11298128
    Cass

    A price of $1.79 was when we were in a different world. From what I understand a long term Iron Ore price of $120 per tonne, makes it difficult to justify a SP greater than where we are at the moment.. If the Iron Ore Price was to remain around $150-160 for 2013, then I have no doubt the SP should and would be double what it is now. This is my understading based ont he numbers I have seen.
    GBG Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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