Iron ore price, page-26871

I think IO price will hold for at least next 2 years. IO will come down around $110 -$120 range once China can source from elsewhere, this could be 5 to10 years away. People love Chinese money as it comes easy, but at cost of selling their country. One thing is for certain China wants to punish Australia. IMO Morrison did the right thing in standing up to China. My personal greed aside, China is a bully and I am glad we have grown a pair, finally.

Between now and div announcement, don't be surprised if SP drops to $23, which will be great as want to buy more. Early Feb, SP could touch $27, few days prior to ex div could get to $28.50. As long as IO holds which I am sure it will, people who buy late Feb will have a paper loss for month or so. If IO continues to climb even a few dollars every week ex div, the paper loss could be for less than a week.

PS I love FMG as it has made me more money than all my other shares combined. I am also very overweight in FMG....what I am saying is that my opinion is biased so DYOR.