Iron ore price, page-1542

Based on:
- The fact it's so close to ZERO.
- PE ratio - EPS was 0.2c as per HY
- Things are a whole lot more positive since HY report re debt and ability to operate as a going concern
- Volumes traded, huge volumes for three days now. Probably panic selling to a new wave of buyers. Basically there's crap loads of buying by those perceiving it's cheap.

As they say things are cheap for a reason. Then there's ridiculously cheap, and those ones are probably a buy, especially if business fundamentals are on the up.