Iron ore price, page-993

$503 Billion of Iron Ore, now that is a lot of Iron Ore. Add that to the $137 Billion that India has also stated they will spend on upgrading their railways and you have over $637 Billion on railways alone.

http://www.wsj.com/articles/india-to-spend-137-billion-to-upgrade-railways-1424941153

These railways have to go somewhere, so if they haven't already built cities for them to go to then I guess they have to do that as well, more Iron Ore required.

That's just China and India. You can also bet that USA won't be just sitting and watching the Chinese build these fantastic Railway Systems linking all their Smart Cities and be left behind, they will also do the same under El Capitan Trump.

Interesting days ahead for Iron Ore companies, the smart people are putting their money into these companies such as Atlas Iron. Currently sitting at 2.9 cents/share, when Iron Ore is AU$113/T. Even taking away dilution 10:1 it would still be only 29 cents/Share, ridiculous.
The last time iron Ore was over $110/T, Atlas Iron was trading over $1.00, and they had more debt then and producing less Iron Ore, go figure!