Ozbecool, There was an article in the AFR yesterday about Vale's projects. These include the Serra Sul project in Brazil, projected to reach 90 million tonnes/year by 2018. Vale will will adding more capacity than BHP and Rio Tinto combined over the next few years. And guess what. As you say, it will predominately be in South America. So that represents "0" opportunity for NRW. That said, and while I share your view about the price of iron ore, this company is still so cheap I believe it's a long term hold or buy.
NWH to test $0.16 again, page-55
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Last
$3.07 |
Change
0.010(0.33%) |
Mkt cap ! $1.390B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.09 | $3.05 | $1.429M | 465.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5066 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 10227 | 3 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |