Iron ore price, page-5145

http://fortune.com/2017/10/16/china-growth-forecast-second-half-2017/

Finally some good news! Hopefully the I/O price responds accordingly.

With lump premiums dropping we need the base I/O price to rise if we want to stay viable as a miner. Atlas 58% fines discount is about 30-35%.
I/O has averaged ~ 62 usd for the past 25 days which without lump premiums is by my calculations a loss of about 5 aud a ton. (Thats nearly 1/3 of the quarter)

Only invest what you are willing to loose and DYOR.

Best of luck to all holders.