iron ore to hit $200 per tonne - std chartered

Hey Guys

A bit of exciting news for companies like Territory who are exposed to Iron Ore over the next 12 months!!!

It seems the lull in iron ore demand due to the Chinese government induced slowdown is set to change according to Standard Chartered Equity Research!

Now that the Chinese govt have inflation under control and property prices are flat, they can start to increase lending and approving infrastructure projects which is expected to increase the price of iron ore from its current $150 per tonne to $200 per tonne!

Let's not forget Territory Resources is in full production and the "beneficiation" (Nee purification) plant is going live next Month!!!

TTY also sells all their iron ore at spot price too and their cash cost is down to the $68 per tonne level!!!

GO TTY!

http://www.metalbulletin.com/Article/2655298/Iron/Iron-ore-could-reach-200-per-tonne-by-12-on-increased-demand-supply-constraints--Standard-Chartered.html