Hello Wilson
I believe current prices for magnetite are about $100 US / tonne depending on grade with most investment banks forecasting at least 20% price rise in 2010. I'm guessing IFE's margin would conservatively be at least $50/t, so there is potentially a multi billion dollar business for IFE/TRF if they play their cards right and the china growth story continues, as i think it will.
a billion tonnes of iron ore, page-3
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)