FMG fortescue ltd
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buying up chinnese will have to wait, page-7

  1. chelkn
    1,569 Posts.
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    24/03/09
    21:52
    Post #: 4939794
    A third of the world's IO is magetite IO.If the contract price of IO falls below $60 U.S/tonne. It will suspend the production of most of the world's magetite producers.That must place some sort of floor on the IO price.
    FMG Price at posting: $2.27 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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