the past two years the so called experts have been predicting a fall in the spot price. It hasnt happened. with the tsunami in Japan and $300 billion rebuild yet to happen, its doubtful there will be an over supply of ore any time soon.
many of the African projects tipped to balance the supply/ demand equation are yet to even start building infrastructure. And while that might be true of PLV as well, obviously their start-up operation is looking far quicker.
Point being, I expect ore prices to stay north of $100 for many years to come.
PLV Price at posting:
79.2¢ Sentiment: LT Buy Disclosure: Held