I like to buy in fear, it’s there, but you’re right could be worse. Somehow RIO was green and this lost over 1% which doesn’t make a lot of sense. When iron ore went sub $100 last year for a brief time BHP was sub $42 for a day. We are back here again.
Marginal tons meant to be circa $80-$100 on the cost curve which is why this is considered the support price for iron ore. Happy to take a top up here which I did today.
BHP Price at posting:
$41.95 Sentiment: Buy Disclosure: Held
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