Does anyone have an accurate source of information for 58% iron ore prices?
The three opportunities on AGO are
1) Undervalued against profitability (keeping in mind the hedges are in the money offsetting the drop in Fe)
2) Rebounding iron ore price post the self off
3) narrowing of the discount gap between 58 and 62. I note, coal prices have dropped so 58% should come be back in flavour soon. The chart for coal also looks very toppy.)
AGO Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
