Hi Frank
While the short term has been tough for many and it might continue and worsen. I still see a young company that now has time on its side.
Due to operational efficiencies and getting the balance sheet in order. ( imagine the share price reaction if they had not been paying down the debt?) they have the time and the financial strength and ability to grind out a low iron ore price.
The long term looks fine. I do agree that the grade issue and price realisation in the last quarterly is a worry.
Management has proven there ability to excel in the FE market.
Time.
Just the the views of a long long... who does not trade.
Iron ore price, page-741
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