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If GS's prediction proves correct, then Sundance's history will...

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Fip80

263 Posts.

5

04/02/18

15:14

Post #: 30805855
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Originally posted by serena ↑

The worst of iron ore price rout is probably over (HOPE). Even Goldman Sach's analysts who predicted in last Dec that iron ore will fall to $55 in 2018, has now revised their forecast. They said that iron ore price will climb to $85 in next three months. If their revised forecast is correct, the SDL iron project will be more feasible now compared to 2011- 2016 when the iron price fell to $37 in 2015.

http://www.mining.com/goldman-says-mining-supercycle-back/
Goldman all but says the mining supercycle is back

Extract from the above link:
Biggest surprise from the new Goldman report is the price of iron ore which is expected to climb to $85 a tonne over the next three months, up 17% from the current level. The previous forecast from the bank was for the steelmaking ingredient to average just $55 over the period.

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If GS's prediction proves correct, then Sundance's history will be even more miserable if they fail.

I hope they don't, but I've seen failure too many times before with Casello.

All the best.

SDL Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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