Barny - after the run up we had the last few months, a small retrace is inevitable, and healthy.
Share price has risen from mid 30's in middle of Jan, to mid 40's in middle of Feb, to mid 50's in middle of March... and to be lying in the high 60's now is a VERY healthy chart.
Considering gold production will begin any day now, and word is getting out from management at various investor's roadshows, we are holding a very strong hand.
I expect some consolidation around 67-70 this week, and then motre progress next week. Any additional positive news and the magical $1 mark you speak of will be seriously tested.
These Fortescue Metals boys don't mess about.
Happy holding
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