agreed bleasby.even if the iron ore price fell below their base...

agreed bleasby.

even if the iron ore price fell below their base case of 30% price decrease to say 40% ur still looking at valuations of between $800m and $1b.
thats 8 to 10 fold the current valuation.
thats the $6 a share value we all thought was fair back in july and august.

mitis,
y did buyers leave?
who knows...
but its prob the same reason that companies with solid cashflows and year on year record profits are trading at 50% of their highs??
the market is still very spooked.

follow bleasby's lead and flush out all the weak hands...
if u got the spare cash that is...