Iron Ore business is close to monopoly. Recent FOB price raise demonstrate the strong leverage mining company has. Seriously, unless economy model changed, the tax increase will pass onto its end user. Besides, all these money invested in this market probably can't find stronger growth market outside resource segment. Stock price may go down because of irrational market response, but eventually go up because of iron ore's scarcity. But I wonder when is the next election... time to make a change.
BRM Price at posting:
$3.64 Sentiment: ST Buy Disclosure: Held
