... The world of Iron Ore is doing just fine. Recent report of CVRD cutting exports may spike spot ore again.
That big buyer of MMX, Lehman Brothers, expects contract price iron ore to gain 50% this year and no slow down on domestic China growth. (Are they going to build half a railway, half a bridge?).
IO price racing, MMX value soaring, yet MMX sp in death-dive-'Shock-no-really?' share market rout.
If you're in long term, look forward to the divs!
For anyone in the depths of the sad, here's a completely unrelated clip of Nicholas Cage mashed up into a meaningful, funny version of The Wicker Man (2006).
http://www.poetv.com/video.php?vid=11035
MMX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
