I haven't been monitoring the forum alot of late, so excuse if this has been mentioned. Vale agreed to drop prices temporarily by 20% , so hopefully that is a sign of things to come when contract pricing occurs.
If iron ore interest returns I don't think $2.00 is out of the question, especially with further announcements as time goes by.
Look at companies like IVA increasing over 600% and KAR increasing over 100% in the last month. Who knows what can happen if interest returns.
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