re: Ann: Iron Ore Price Agreement Opens Way f... I don't think...

re: Ann: Iron Ore Price Agreement Opens Way f... I don't think this update told us much about IFE that we/market don't know already, hence the sell off.

IFE already suggested its target margin on ore sales and with speculation about a 90% price rise in iron ore, its pretty obvious their margins will be greater than what their target was.

Everyone's asking why this stock is so cheap, its pretty obvious, its because after the DSO announcement and target production, there's affirmative progress that IFE will actually start producing by years end. When the market is informed about construction, mobilisation, logistics, testing etc then we should get excited. At the moment it looks like speculation and forecasting.. and not much physical action.

I do agree however, if all is in place and every step is ticked off, we can see the stars at 2.50 by years end.