haha @Bankable , you probably didn't read my full post plus the excel spreadsheet. Do you still think the price of Iron Ore will go down below $90 soon? My estimate is based on $90/t for 62% FE. As Stocki mentioned in previous post, the difference in price between 62% and 65% FE reached over $20.
We are not expecting Iron Ore price staying above $170 in the long run so the retrace is expected (but who knows, it might go up even further by the time we go into production with depletion of Hematite and no new big mining project in the radar soon. I know you would say BHP south flank is coming soon but that is direct replacement not additional).
You want someone to sell cheap by down ramping so you can buy. Not happening mate. Good luck.
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