from that same article.
"What this means is that iron ore is unlikely to fall below US$90 a tonne for any substantial length of time as long as the current cost structure holds for the industry," says Citi."The stocks are pricing in US$88 a tonne for the iron ore producers. Hence, we think it is a good time to revisit iron ore equities”
BHP is a good long term buy. Sure it can fall further. Just continue to add some parcels (dollar cost averaging) every month on the way down. Or wait for an upturn to establish /occur if you are new to the stock.
BHP - Price Chart, page-105
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Last
$43.43 |
Change
-0.470(1.07%) |
Mkt cap ! $220.3B | |||
| Open | High | Low | Value | Volume |
| $43.75 | $43.82 | $43.43 | $279.5M | 6.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5828 | $43.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.45 | 75000 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |