Is HIO a trading or long term play?, page-3

There is an article in Macrobusiness titled "The disasterous Fortescue chart." It says:

• iron ore is headed for $60
• FMG share price to halve from the current $15.27 price
• Margins to fall to $30 per tonne
• PE to be ~7x

Now I have a problem or 2 with this article but I'm no David Llewellyn-Smith is who is the Chief Strategist at the MB Fund and MB Super so we will run with his numbers to use as a guide to approximate what the same conditions would have on HIO when in production:


Only history will reveal what really happens and one can only hope that Xi's mad policies are to apease the radicals in the party in order to gain lifelong leadership and will be relaxed after he achieves it next year,, I saw an article estimating that his recent rabid policies have been estimated to have already destroyed $1 trillion in wealth, how long can he continue shooting China in the foot?