Merry xmas!
I dont believe you need those lofty highs in iron ore prices to experience big gains in SP anymore vis-a-vis FMG.
When IO was at its record high of $US230 a tonne - FMG reached $26.30
Now IO hovers around $110-$120 and already hit $20.08 yesterday.
I submit that you only need IO prices to stay content (or rise), and not dramatically fall, to reach new SP heights.
Then if you hold long enough to see out the first mass hydrogen production and sale, profit massively.
Iron ore price, page-42226
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$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
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