FMG Technical Analysis, page-6538

So iron ore has hit new highs, but FMG still in the 22s.... market has either mispriced this or they're factoring in iron ore topping soon and the risk of low diversification (now), some signaling in the market of recent shipments being discounted. The market is a future pricing mechanism. FMG is possibly still damaged because of the cost blow-out and leadership fall out re Iron Bridge.

Look at FMG and MIN's relative performance. Night and day since January. MIN has an iron ore business, but it is positioning itself as more of a mining services company (booming side of the business) and a solid lithium play with Albemarle on board. MIN continues to hit new highs, FMG trying to recover lost ground.

The market is trying to tell us something. SO which one is it "come and buy me, I'm a bargain" or "something is amiss and minimal upside in iron ore". And yes, I think MIN is looking expensive here too. $48s my limit.

And no, I am not a holder of FMG and I am NOT short.