with marginal iron ore producer. the debt is currently is in mercy of iron ore price. at $80 price, it will likely be running operations at loss. the prediction of iron ore future is not that great and usually it goes very low when it starts dipping if you look at the historical trend. currently igo or pls appears more attractive with similar upside but less risk imo. I am interested in MIN but I guess only if it collapse to single digit so waiting for banking covenant to be forced.
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