Doubt theres much risk buying at these level, i mean we r not buying at $6 nor $1.80, we r less than %5 to yearly low. Business has improved significant as shown on reports. Human illogical panic will not hold, io will bound over $110 before we see it at $70 or whatever nonsense ppls talking about on the street. Lots of panic when ari was 50c 2 years back, smart ones bought in and doubled their money in a few months on an avg of 5.5% weekly gain. Im not that greedy lol, just a poor soul happy with 30% gain in 10 weeks.
My take, 4 weeks from now media will have nothing more to report as ppl r used to 90-95 a tonnes. 2 weeks after china starts restocking season we still moderate news, 4 weeks after bullish news emerge, textbooks stuffs, been doing it over a decade.
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Arrium is the cheapest Iron Ore producer after RIO and BHP., page-9
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