Exactly right.
Fitch's assessments are so consistently incorrect that its forced to continually revise its next years forecast every six months so it doesn't look completely stupid. By the time we get to 2030, guess what... the 'assumed' price of Iron ore will probably again be $100.
If anyone actually believed that 62%FE will be $50 a tonne at some point in the future every Iron miner would be shutting up shop today.
Considering how poorly Fitch's past 'guesses' have been, it's simply useless information. If this was a weather prediction it would be laughed at.
Price and Chart HIO, page-6667
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