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Chinese traders tip iron ore to hit $US70, page-15

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Hotfire

17,783 Posts.

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06/11/14

16:18

Post #: 14247064
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Originally posted by gassin123 ↑

if AUD falls to 70c in 2015 ... IO is at $70us = 100t au

if Aud falls to 80c in 2015 .. IO is $70tus = 84.00au

at present Aud is 85c x $75us = $87tau

both are survivable for AGO

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Gassin, less for grade, less for discount and less for freight = AGO receiving AUD$60.90/t

I hate to admit it, but shorts have won this battle and there is little sign of covering thus far.

Last edited by Hotfire: 06/11/14

AGO Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held

FMG Price at posting: $3.03 Sentiment: None Disclosure: Not Held

MGX Price at posting: 43.0¢ Sentiment: None Disclosure: Not Held

BCI Price at posting: 84.0¢ Sentiment: Hold Disclosure: Not Held
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