Courtesy of Stock….d this morning.
Iron ore is a big dog’s game and juniors have been battling for time in the box seat since Gretchen Wieners tried to make fetch happen.Those who have succeeded have tended to be small producers of niche high grade products. Think magnetite supremos Grange Resources (ASX:GRR) and Champion Iron (ASX:CIA), or near 65% Fe hematite shippers Mt Gibson Iron (ASX:MGX) and Fenix Resources (ASX:FEX), all of whom make up for their high cost base with big premiums for their high grade material.
Smaller fish like BC Iron (now salt hopeful BCI Minerals) and Atlas Iron have come and gone, the latter now part of the Hancock/Roy Hill portfolio.
Price of Iron Ore, page-1559
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