IO price $158.10US/T
Currency $0.77US
https://www.sgx.com/derivatives/products/iron-ore?cc=FEF
I see the iron ore price been around $140US/T to $160US/T where it yoyo's up and down
but the average still probably at $150US/T.
It will eventually drop back. Can't go up for ever.
After this payout of the dividend next week we'll slow start to see FMG rise and then next month
the quarterly figures get released then it will rise quite a bit then falling back and then steadily rising again
until the madness of the next dividend cycle where shares always drop back.
Rivers of red gold and future years green gold too.
The green future likely to bring in much more rewards for us investors. AF saying he thinks the green
hydrogen will make more money than iron ore with regards to exports.
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