Iron Ore prices have recovered to a point where some of the deposits in the region are economical again, the main concern is whether prices will consolidate around these levels or higher or whether they plummet again. The recovery and recent strength has surprised many i reckon. The entire IO exploration sector was pretty much snuffed out and we havent really seen much in the way of recovery yet for the juniors. Producers like Atlas Iron have been brought back from the dead so who knows what might happen down the track.
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