All iron ore stocks will suffer for many years to come IMHO. The fundamentals in China is changing from building massive buildings into more consumption driven economy. This will benefit nickel producers IMHO. I got my money on BML (nickel and Cu) with very likely will be a producer within 2 years (JV with BCL Botswana government own company hiring 5000 people out of a small town of 50,000). I already in massive profit. Copper is another one due to limited suppliers.
Anyway, as I said before iron ore juniors including your beloved CAP is going nowhere. I actually see rare earth (heavy rare earth not light rare earth like ARU) might do a come back due to increase Chinese consumptions like buying electronics and possibly electric cars.
Iron ore is dull and going no where. Everyone just want to be rich like Forrest and Rhinheart, but seriously too late for everyone IMHO.
Just IMHO, do your own research
LCG Price at posting:
1.8¢ Sentiment: Sell Disclosure: Not Held
