Iron Awe - how and why HIO could 100X, page-6

Great analysis @Next 10000.

Spot iron price yesterday went as low as 508Y to as high as 550Y. That was 8.3% increase from the lowest point. The graph above only shows the price during last night session. It does not show the Asian trading session yesterday where it touched the low of 508Y intra-day.

I also noticed spot price traders have been struggling to push price down over the last few weeks. They often dumped the contracts about 15mins before close for lunch break in China and end of trading day to push down price but it seems finally they gave up and yesterday was the 1st day iron ore spot price started recovering. Positive sign!

Of course that is spot price. Hawsons project NPV in the latest KPS report is based on AVERAGE LONG TERM Fe62% of USD $100/ton, not spot price. That is average price over 20 years-40years of its LOM. If that AVERAGE LONG TERM price is averaged out at USD $120/ton, then Hawsons will be even more awesome.

The positive ramifications to magnetite iron ore from Gina Rineheart's move into Mt Bevan project, plus Andrew Forest's magnetite IronBridge project moving closer to production will take time to filter through the market's sentiment but I can feel it is starting now.

Biden has just signed off the infrastructure bill of $1.2 trillion and the other stimulus package of $1.75 trillion is coming soon too. In the meantime, Japan is also drafting a big stimulus economic package too. 2022 will be a great turn-around year for magnetite iron ore and for HIO.