A pullback which is healthy after rocking for 3 days is good and is necessary to rise & shine with PFS due in the coming weeks/months.
With Iron ore price Skyrocketing from US$60-US$80/t to US$200/t and many companies ramping up to go move into production, mgt with such a massive load of iron could ravage the CP at anytime with successful PFS .
The minor pullbacks actually give a chance to load-up more before it starts sprinting up and CP starts shouting" catch me if you can" and we race behind it and the last 2 days are evident for the potential it has.
Some big boys are trying to play hard but if you are looking for long term and try to get most out of it, just load-up and enjoy the ride while the company march towards production .
The government's recent federal budget shows, Iron-ore is adding 12.5bn boost over the years of 2022-23. We get full support from the government as well while we go towards to production and as the ceo said in an interview, they can well endup producing it sooner than expected.
The community we have is great and extremely supportive here. So, lets all be good & move forward through all ups and downs.
DYOR
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