Iron ore price, page-47

Next 2 quarters will provide the largest gains IMO, still 100-200% on offer from the numbers I have run. This is based on IO averaging around $75 between now and then, higher we go higher, lower and the targets lower. From what I can see we are currently priced for an IO price under $60 avg giving annual profit targets of $40-50m. Not saying that this is not a multi year hold but just that I think the lions share of percentage gains will be seen in the next 4-6 months.