IO is about to break the magical $80 WMT mark probably in the...

IO is about to break the magical $80 WMT mark probably in the next day or two.
This has to be good news for GBG as China's property market is apparently starting to rebound.
If several people here have suggested that break even is somewhere around the $80-$85 mark (including all expenses), then shareholders could well be in for a rollercoaster ride early next year.

GROWTH FOOTING That could push spot iron ore to well above $80 a tonne, traders say, as buyers seek more high-grade material to cope with high coking coal prices. Iron ore for delivery to China's Qingdao port <.IO62-CNO=MB> climbed 3.5 percent to $79.61 on Friday, just off the two-year high of $79.81 on Nov. 11, according to Metal Bulletin.