This stock is certainly being pumped by the brokers. Lets hope...

This stock is certainly being pumped by the brokers. Lets hope it just don`t get dumped! I cannot see this happening though.
We should see by end of June a pice increase agreed to between the big boys (Bhp + Rio) and the iron ore hungry Chinese. If the smaller steel mills have already agreed to a 95% increase, then anything above 85% for the big boys would seem plaudable..........
Add to that, a binding agreement to use FMG`s rail, and an increase of proven reserves, it all looks VERY promising. One would have to question selling their shares now, as this can move north very quicly as we saw after the placement from $2.00 to $4.00. Considering a few brokers have $5.00-$6.00 targets in place, there seems plenty of scope left in this baby ;-)