Like linshan says it depends on the iron ore price. I think if...

Like linshan says it depends on the iron ore price. I think if it can stay at around $130/tonne or more then as well as this being good for profits, investor confidence could really pick up for iron ore miners and we could even see $2 or so.

At the moment there is a feeling among investors that iron ore is set to drop significantly, hence the low p/e ratios of most in the industry. A sustained high price will change that perception and the entire industry will be rerated. WDR may also start paying a dividend next year which will bring in a lot of new investors.

For now though, I still don't understand why so many people are willing to offload a heap at the current price, its an absolute bargain right now by any standard.