Mate why is FMG expensive relative to BHP & RIO? Care to back your statement up with any actual facts? Would love to hear them!
Why do you assume a falling iron ore price is reasonable? The price has held rock solid at over $170 a tonne despite every second idiot screaming that it's going to plummet to $80 in a coupe of months.
China and rest of world demand isn't going anywhere - except up!
Vale increasing their output is laughable.
And the idea that China will be buying iron ore out of Africa before 2030 is a joke!
FMG Price at posting:
$20.20 Sentiment: Buy Disclosure: Held
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