iron ore price, page-746

Yes, there is currently pressure on prices and the sentiment is very low and scary. But, I don't think FMG is going to go bust. I think the markets and prices are testing these stocks as it happens from time to time. Can't always go up without times of downturn.

There is every chance that FMG will rebound and many here will look back and see with their hindsight vision that this was an opportunity.

Give you QAN as an example. Was down to under $1.00. Created many scary moments for holders and many negative views at the time, very comparable to current views on FMG right now. A risky airline stock with no friends at the time, questionable management at the time, comes back and surges up.

And yet, people are getting scared here on FMG who has demonstrated good management, a product that the world needs to builds things with and a potential take over target and yet the talk is that there is no hope.

I feel China, other developing countries and the world in general will continue to grow and in 3-7 years time FMG will be way above today $2.50 price. With some new developments and diversification and with the current management, I would not rule out $10+ per share in 3+ years.