A lot of analysts are focsuing on the impending supply glut coming through as Rio FMG and Vale start ramping up production increases.
I guess one point that hasnt been focused on is the potential demand side increases from increasing world industrial production as the US economy kicks up which should also makes its way to Chinese demand for iron ore.
In any case a long term price of say $130 AUD will see IOH at multiples of where we are now assuming Bucklands get up.
IOH Price at posting:
94.5¢ Sentiment: Buy Disclosure: Held
