What worries me is the slow down in China. I see forward predictions the Iron Ore spot price dropping down to $90 pt. This will offset much of the gain in export volume thats coming. Im going to predict a short term uplift to 50c after the good news hits in July and then dropping back down in the later part of the year. I hope Im wrong and 90c is on the cards.
MGX Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
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