PDY padbury mining limited
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How do persons see this current crash in the iron ore price...

  1. joker1
    2,731 Posts.
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    06/09/12
    14:02
    Post #: 10680483
    How do persons see this current crash in the iron ore price affecting our plans?

    I think no action till the new bureacracy settle in late this year and hopefully have a new round of stimulus that is steel intensive in China.

    Hopefully the desire for separate supply soputrces away from BHP and RIO keep the Chinese interest going in the midwest. I doubt we are viable at current spot prices IMHO.

    WEE stopped falling in price acouple of months ago and havent travelled down with current fall in iron ore prices which I guess is a good sign
    PDY Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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