Iron ore price, page-42403

No, it's not the result of some objective 'last years data' so you can let Morningstar off the hook. Matthew Hodge and the equties team at Morningstar simply made the wrong assumptions and predictions. In fact if you look at their report and comments, they got it badly wrong on all iron ore companies (FMG, RIO, BHP).

Hodge predicted an extremely bearish position on IO prices, the Chinese economy, the Chinese property market, factors concerning carbon pricing and how that negatively affects FMG's 58% product.

I know you're an apologist for financial firms and their reports and recommendations, so I don't expect you to fault them. However, the objective outcome remains, they've embarrassed themselves and left with egg on their face - importantly losing the speck of credibility their outlooks and recommendations may have.