Lets face it we have received very strong prices in Jan and Feb,sure March has been volatile so far but it is still likely to average 110 for 62%Fe,which means we are still printing money.SO MUCH PESSIMISM for no good reason.Steel production is increasing,supply out of Africa is a long way off getting to the stage of affecting seabourne supply volumes from the big 4.
Unless it drops to sub 80 usd,which means everyone apart from the big 4 are struggling to make a buck and stay in business,we will still be profitable and paying 65% back of whatever that profit is.
Great well run business with an improving asset base is my view.
Dyor,nfa
Gordy
Iron ore price, page-51579
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