Falling iron ore prices it's actually positive for SQL What it could mean ... All high cost low grade mines close and only the lowest cost mines Survive and flourish Since sdl has the lowest cost of producing iron it would Still make economic sense to develop Looking at presentations all assumptions for the project are ate 100 dollars Per tonne
Awhat is happening ATM in iron market in china is liquadation of speculative positions in fact the Baltic dry index was up 6.4% on Friday indicative of stronger demand coming . It made allow around December and is turning up everett since
Do your own homework No advice
SDL Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held