How quickly we forget. It was just a few years ago that the doomsayers were screaming that the amount of oil was finite, we would run out and the price would go to $200 a bbl. Similarly, uranium stocks were going to make billions, PDN in particular was the hottest stock on the boards.
Well today oil is at multi-year lows, and PDN has just been saved by 20% being bought by the Chinese, as the U308 price jumps from 28 to $44 a pound.
I have no idea where the Fe price will be a few months from now, but I do know that nobody knows. The same old arguments of "its different this time" abound. We'll see....
iron ore price, page-492
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