Agree $140/t is great while it holds. Disagree that sentiment towards junior Fe'ers is good.
Don't mean to cross promote, but consider IFE who look about to ship and most agree are heavily under-valued. Also, nearby to IFE is CXM who have a defined resource and an (admittedly capital expensive) shipping option but are trading at their cash backing.
I would say that the sector is suffering from a general fear that China's Fe appetite is drying up. I don't share that view. IMHO the China story has a decade or few to run.
Disclosure: Hold CAZ,IFE but not CXM.
CAZ Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
