@rego55 is pretty much spot on. There's just no hype in iron ore.
Its the reason why GRR is at PE of 2.5 and FMG are PE of 7... both making bucket loads of cash.
Meanwhile Tesla has traded at a PE of 1000 for most of this year.
But profits don't lie and I'm expecting our price movements to match quarterly announcements. Next leg up is late July quarterly, followed by 3 months of retrace, then next leg up again in October quarterly, etc . As profits go up so will our share price.
Ann: C4 Iron Ore Deposit - Stage 2 and Production Update, page-60
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