Vale's slower growth to trigger iron ore rally
http://www.smh.com.au/business/mini...o-trigger-iron-ore-rally-20150430-1mxenu.html
Guys,, Look at this news about Vale also followed BHP and Rio to halt the expansion for new iron ore projects.. BHP and Rio announcement of halt the expansion iron ore mines really impact on Iron ore prices. Now Vale follow..
Here is another disaster news of Chinese Iron ore mines due to iron ore prices fall.
Iron-ore price war has China’s miners reeling
http://www.businessspectator.com.au.../iron-ore-price-war-has-chinas-miners-reeling
IMO according to recent above news, Iron ore prices will be back up to very significant level in very near future and we can see how Chinese needs quality iron ore desperately for their billion population economy.
Now SDL's QTR announcement,, they are dealing with Cam Gov and Chinese deb provider. And Chinese Gov own significant stake in SDL too. You are right Pikapia,, most likely SDL will fall into Chinese hands.. Desperate Chinese won't let go of one of the best green field iron ore mine in second pilbara in Africa. This mine can produce 40/50/100 tonns +++ a year for decades. The bottom of the ore body is unreachable...
Today price, 2c is scream buy. I believe once, dealing with Chinese progress feed to the market, SP will back up to 10 c is Min.. Very good bet ever. I am in again. Good luck guys
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