Jacko your constant predictions are great for scaremongering but they are meaningless because you provide no analysis.
Everybody knows that iron ore is a cyclical commodity and in the last 10 to 15 years or so it has cycled between about USD50 and USD200. That is just a statement of fact. To predict iron ore cycling in that range does not take special insight. I predict it will continue.
However the same period has seen iron ore average USD100 or thereabouts. Based on the iron ore cost curve I predict that is likely to continue also. At that price average FMG is a money making machine.
Rather than continue posts designed to use emotional language to scare people please post facts and analysis.
Iron ore price, page-38059
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