Day to day discussions on S/P, page-12832

Iron ore is a different story.

Brazil had a dam burst which has flooded the mines with mud and they are unable to sell any ore for at least 3 years.

Its why the iron ore price has shot up due to the second largest country that sold iron ore no longer can.

Also China stock piles on iron ore are low.

Look at the dividends for FMG. 10c, then 5 months later 30c then just 3 months later 60c. Its why their stock has gone up along with

BHP and RIO.

If you want to look at a similar iron ore company which was far smaller in Atlas iron they went from $4.34 to 1c and are no more.

They ran into financial hell too just like PLS where they had to stop selling at a loss.

LNG is another zoomed up to $1.28 like PLS shot up to $1.25 then has been falling ever since. LNG currently at 28c.

Smaller companies that do not make much money can fall where bigger companies making billions have far better infrastructure and can get their cost price per tonne down to $16 US per tonne as in FMG where Atlas iron cost price was $58/tonne. Problems occurred when the iron ore price fell as low as $34/tonne. Iron ore price over $100 US per tonne and with currency at 68c US they are making billions.

FMG also ship lithium and can get it out of the ground and into port far cheaper than PLS. Same problems as Atlas Iron where costs get these smaller miners.