As I had mentioned earlier that demand of Iron Ore is not going to stop in near future. One Biggest Indian Bull operater forcast forecast IO price to reach $177 by June 2014 before coming back to $135 62 FE Regarding GBG this will be the stock of this decade. Simple Maths 30m tons at the average price of $200 (premium included) for 68 fe grage. Gindaldian can do the maths better at this price. I am just sleeping on this share until Dec-2014 I am only the reader dont like to post but the article above agrees with my thoughts.
India requiremens of IO will be in line with China starting 2015-16
please DYO studies before investing.
GBG Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
