this struck me as overly optimistic.
but heck.
P/E = 5.97
dividend yield 13.1%
good strategic moves via R&D and moves towards carbon neutral operations. I used to be a cynic on that front, seeing practical and economic progress with even China having a demonstrated blue skies / clean air policy tells me there is good value in this positioning.
I think the forecasts of increased production coming online to meet demand are overstated, then add the increasing pressure towards 'carbon neutral' supply chains.
https://www.copyright link/markets/commodities/cba-fitch-latest-to-forecast-iron-ore-price-decline-20210216-p572sc
https://tradingeconomics.com/commodity/iron-ore
Rhinehrart Lieutanant warns MPs to prepare for Iron Ore price fall, page-23
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