It is not the Iron Ore spot price but consensus prices that are important.
In the S&P Global table below, prices in RED represent a 1% or lower forecast. While prices in GREEN represent a 1% or higher forecast.
These are the latest consensus commodity target prices I could find, as published by S&P Global:
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HIO Price at posting:
6.1¢ Sentiment: None Disclosure: Not Held
