Just had a look at one of the statistics for Iron Ore pricing. The upward trend is continuing in Iron Ore pricing. The China IMP 62FE price has now gone to $181.40 per tonne. The trend going up is continuing, so Iron Ore companies like AGO who are getting there stuff onto the ships and sold to China should be making substantial and it seems increasing profits especially if they can cut costs which is something that Atlas has been outlining in their announcements.
AGO Price at posting:
$3.32 Sentiment: Buy Disclosure: Held
