GBG
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0.00% 2.9¢ gindalbie metals ltd

the worm, page-10

  1. yellowbull
    149 Posts.
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    07/10/11
    00:47
    Post #: 9109588
    I've read a few articles in the past couple of days that long term iron ore prices should find equilibrium from 2016 onwards. Some figures of between $80-$90 per tonne. I admit i'm no iron ore expert. Can someone shed light on how this would play out for magnetite producers? I believe magnetite production costs are in vicinity of $60-$70 per tonne?
    GBG Price at posting: 49.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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