Iron ore price, page-1457

Storm in a teacup, lets see China has 900 Billion dollars infrastructure plans for 2017, India will be looking to increase its infrastructure spend, Trump will push go on US Infrastructure spend if not this year, but probably. They will need a lot of steel and therefore Iron ore, this will bounce the Iron ore price. In essence this increase in Iron ore prices, combined with FMG further debt reduction will bounce the SP back above the $7, sentiment will change and when it FMG SP will rise aggressively. If you a medium to long term holder, sit back and put this one in the bottom drawer. Great buying opportunity if you have a medium term view.