Iron ore price, page-41470

The market should and does to an extent base its share price on future earnings .For Fmg the future IO price is a good substitute
On year ago many were (correctly) predicting good iron ore prices in the forseeable future
The crash with IO halving rapidly and the perceived ability of the Chinese engineer prices down as well as the vulnerability in their economy once thought of by some as bullet proof have served to temper the outlook
Countering this this a massive increase in the profile of FFI and an increasing belief that it is not just a pipedream but very doable and potentially massive
I think for the next price rise we wont be joined at the hip to price to quite the same as extent as we have been
Not saying it wont be good though