Chinese traders tip iron ore to hit $US70, page-6

  1. elyk1981
    733 Posts.
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    06/11/14
    15:23
    Post #: 14246562
    I agree production needs to be cut but the only way that’s going to happen unfortunately is when iron ore miners start to go on care and maintenance.

    Apart from BHP, RIO and maybe just FMG, which miners have a profit margin if prices are at $70usd?
    AGO Price at posting: 23.0¢ Sentiment: Hold Disclosure: Not Held
    BCI Price at posting: 85.0¢ Sentiment: Hold Disclosure: Not Held
    MGX Price at posting: 41.7¢ Sentiment: Hold Disclosure: Not Held
    FMG Price at posting: $3.08 Sentiment: Hold Disclosure: Held
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