Iron ore price, page-55460

Friday often a horrible day for FMG. I see IO has dropped back tonight.
Hoping it rebounds a bit before the end of the night. If not we may go south early
but if IO picks up 8am Perth time then we'll be fine.

Saturday will be the big day for the world with China hopefully doing a big spend
and then come Monday boom up FMG and others will go.

Watched business news again tonight. Not looking so good for lithium miners
for the next few years where they thing many will go under leaving a few that will then
be able to put prices up and then make money. Think I said that many times in here
before. Saw that with IO in the 2000's where there was an over supply problem
and the new mines came on and IO fell through the floor and they went under leaving
the bigger boys left to make their fortunes.