strange market, page-4

Metal prices down, market commentary on resource sector extreme in negativity, talk boom is over..


Iron Ore demand will be strong but supply will explode. Prices expected to deline from 2010 on.

I do expect lower valuations for iron ore stocks to be a result. However if you use Euroz valuation $8/ton for railway and only apply that to 50% as resource is inferred only then currently discounted to that valuation anyway. With further upside should be ok if not as high as we may have all wished for not so long ago.

Market needs to pull some weeds out otherwise who will bother with buying. Just a casino atm.