IO at 60 is coming Soon .. AGO will pop ..from 1.6c to the 3.2c...

IO at 60 is coming Soon ..

AGO will pop ..from 1.6c to the 3.2c Tops ...as first stop.


Carolyn Herbert:Taking a look at iron ore specifically, the price of the commodity is around the $40 per tonne mark, what range do you think this is going to be trading in and do you think we’ve hit the floor yet?

David Lennox:Yes, we think we’ve hit the floor. We think iron ore through 2016 will trade probably between US$38 dollars a tonne up to US$60 per tonne, to actually close the . The reason we say that is because if you have a look at 2015, China imported a record 953 million tonnes of iron ore, that’s up $32 million tonnes on 2014. In 2016, we expect China will import something like near on a billion tonnes of iron ore. The reason they are importing such a huge quantity is primarily because they want to conserve their own home iron ore and also they believe they can get cheap 62 per cent fine iron ores at a very good price form the import market, so that’s why we basically suggest that through the latter part of 2016 we will see a very strong rally in the iron ore market.

http://www.finnewsnetwork.com.au/archives/finance_news_network122309.html