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05/03/14
16:01
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eureka
If the Iron Ore price jumps back up, AGO will fly
with or with out a rail deal!
A real deal is worth an extra $15/t saving transport costs.
It also opens up all their other mines so has enormous
potential for increased production.
But if it cost to much, then there is not much point!
The cost of the deal will make the difference to the SP.
If everything goes well, the Iron Ore price starts rising again and
they get a good deal then the sky is the limit for SP!
You should have every reason to be optimistic going long as the Chinese just came out today with their 7.5% growth target again!
As far as short term the futures for the miners in New York is looking grim!
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