Why is it that you copied everything from that link except the last part that involved the sales pitch?
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That wasnt journalism. It was a scare piece, designed to get some new subscribers or visitors to their site.
To my knowledge, Andy Xie is the only person forecasting $60 Fe. I have looked at his assumptions and he is internally consistent. $60 is possible if his assumptions materialise. Problem is that his assumptions have low probability. He has a contrarian personality and in my experience these types always want to make a name for themselves and that in turn is dangerous. He has been a huge China bear for many years now and has been wrong. Steve Keen is Australia's equivalent.
PLV's capex plus opex cost is $78/ton. Fe prices are nearly 80% higher than that. We will be okay.
Cheers Bleasby
PLV Price at posting:
20.7¢ Sentiment: None Disclosure: Held
