UMC united minerals corporation nl
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20% drop in USD price of iron ore is just fine. AUD has dropped...

  1. JGPM
    7,336 Posts.
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    12/10/08
    11:14
    Post #: 4378317
    20% drop in USD price of iron ore is just fine. AUD has dropped about 35%, so the net effect is about a 10-15% increase for Aussie iron ore producers.

    It always amazes me that very few retail investors focus on the point of $A appreciation and depreciation.
    UMC Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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