My analysis is that China other countries will continue to grow and continue to need Iron Ore at an increasing rate.
AGO are in the process of planning a railway to open up access to Horizon 2, and I'm as frustrated as other shareholders as this has taken longer than I thought, however, as an investor, even if I had to wait a year or two and possibly double my money then its worth the wait.
I believe that AGO will do very well this quarter, so far this quarter the average price they been receiving is close to AUD$120/tonne with all-in cash cost to China at AUD$75/wet tonne, I would imagine they are about to announce some good news with regards to their profits.
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