Ann: Equinox Resources IPO Prospectus Lodged, page-13

@stevenrushbrook
re: "iron ore will recover, your acting like the drop is never going to stop, it will base and head north again"
~ Unfortunately, the analysts currently don't agree with your outlook.
~ FYI, the prices being quote are for FE ~ 62%, in case you missed it in your research of the Hamersley Iron Ore project, they current have an indicated resource of 42.6 M/T @ FE ~ 55.2% (CaFe ~ 57.3%) with high combined impurities > 15% (which will attract further discount to price)

re: "Do you hold?"
~ Relevance of the question is?

re: "why are you so concerned"
~ Relevance of the question is?

Forecasts:
~ ....with prices forecast to decline to $75/t average by 2025
https://eurometal.net/iron-ore-eases-in-second-half-fitch-solutions/

~ Iron Ore prices expected to fall below $100 m/t by end of 2022
https://www.steelorbis.com/steel-news/latest-news/iron-ore-prices-expected-to-fall-below-100mt-by-end-of-2022-1206064.htm

~ The Chinese city of Handan became the latest region to implement restrictions on steel output after the provinces of Anhui, Gansu, Fuijan, Jiagsu, Shandong and Yunnan were told to limit their production to 2020 volumes amid China's efforts to curb carbon emissions.
https://tradingeconomics.com/commodity/iron-ore

Current prices - Fe ~ 62%
~ China policy bites as Australia's iron ore price drops 9 per cent:
https://www.news.com.au/finance/economy/australian-economy/china-policy-bites-as-australias-iron-ore-price-drops-9-per-cent/news-story/df2da1a5cfac845a6675a1488b9aaf7a
~ Iron ore sinks as China ramps up steel production curbs
https://www.copyright link/markets/commodities/iron-ore-sinks-as-china-ramps-up-steel-production-curbs-20210907-p58pf7
~ ASX to fall, Iron Ore weakens, Wall Street lower
https://www.copyright link/markets/equity-markets/asx-to-slip-as-wall-street-eases-lower-20210909-p58q2t
~ Recovery in China's Iron Ore demand "may be short lived"
https://www.copyright link/world/asia/china-curbs-steel-output-20210908-p58pt0
~ China Curbs Steel Output
https://www.copyright link/world/asia/china-curbs-steel-output-20210908-p58pt0

Cheers