GT uses a figure which is $20 AUD above the current Iron Ore price which is widely predicted to drop further!
This fundamentally wrong and blatant ramping!
If you read the analyst from U_Metal, PLatts and Bloomberg etc then you will appreciate that it is highly likely that the Iron Ore price will drop significantly further.
It may well recover and find a floor at $90/dmt but that is still less than what it is trading at the moment!
The other problem is the Australian dollar continues to rise! So our $97/dmt AUD figure is likely to continue to fall!
A strike in Port Hedland will help but it all depends on how long it is for and if there is any strike at all! I've read a number of analyst predicting a price of $90/dmt from 2015 onwards. Although I have never herd of any one being able to predict the long term price of Iron Ore before, it is far safer bet to expect things to get worse!
GT uses a figure which is $20 AUD above the current Iron Ore...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
