I have similar view except that for the SP to go down iron ore price must go down first. Everything else points to rise in the near future. Profits are excellent, dividend yield about 5% is on the cards, moderate debt reduction and good cash position are both available to the managment to play with.
I have no idea when IO price will correct, but it will, to many AGOs and agonauts are re-entering this business.
Iron Ore Price, page-18664
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$17.50 |
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