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0.00% 0.7¢ padbury mining limited

impact of iron ore price on pdy share price

  1. parleycross
    733 Posts.
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    28/12/12
    17:08
    Post #: 11232792
    Does the Iron Ore price have an impact on PDY share price.

    Iron ore has just hit $135 per tonne, a 5 month high, and is tipped to rise further in 2013 as China demand is higher than previously forecast.

    At what price does this start to flow through to PDY.
    Even if indirectly related as the price of Iron Ore rises, the viability of building the infrastructure for PDY and other miners becomes more cost effective.
    PDY Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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