Todays announcement of a deal between Sinometal and TNG to buy Magnetite concentrate for the Chinese market is a very encouraging sign that the steel and iron ore industry has along way to go ... It's all postive...
In contrast to what analyst from trading banks are saying.... They got caught with their pants down with Currency trading... It's only a matter of time they'll wet their pants on iron ore...
Nonetheless, Our objective is to see the WPIOP stay on track and move forward... Cause it's going to be a ripper...
Who knows? Perhaps the new railway with 300m /t capacity would save many struggling iron ore producers like Atlas and BC iron... they only need to survive till 2017... China and the world will need alot of iron ore especially now with the G20 going for more growth and infrastructure...Yep... My Golden Pheasant is telling me Baosteel is poised to be China's BHP
AZJ Price at posting:
$4.76 Sentiment: None Disclosure: Not Held
CUL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
