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Iron Ore price sustainable?

  1. In Da Hood
    2,164 Posts.
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    22/04/16
    10:49
    Post #: 17576824
    At these prices you'd have to wonder why KR can't get the cash $70/t USD almost $91/t AUD.

    I'm thinking any deal that MinRes was working on with Cliffs to buy the Portland port assets in Esperance is getting more expensive Cliffs will be making money from Koolyanobbing lately ha ha probably kicking themselves they didn't clinch a deal when Cliffs was looking down and out.

    They'll be hunting $1bn+ Now IMO they've got $2.5bn in debt to then focus on their Michigan / Minnesota mines.
    FAS 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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