Ann: Quarterly Cashflow Report, page-123

The share price and iron ore price won't be in exact correlation on a daily basis. Imo there is no point tracking it daily. The overall trend will be in the same direction though. If anything, I think the share price of FEX is likely to go up exponential in the coming months as the fundamentals is simply too compelling. If iron ore price stays this way, the company will accumulate enough cash to equal its current market cap in a year or less. On PE ratio terms, that's like 1 times. I will give it a 2 times PE at most if iron ore price makes a correction from here, still very undervalued. This is a cash cow!