".......While 2015 was seen as another weak year for the iron ore market as supply rises and Chinese steel consumption remains flat, prices may be $80 to $90 a ton, according to Wood Mackenzie.
The market will improve in 2016 and by 2020 prices will be significantly higher than today, Paul Gray, an analyst at Wood Mackenzie, said in an interview yesterday......"
This article shows both sides of the story from different analysts.
I know most of us long term holders are here to stay - this is great timing as our company lines up a fresh start with new leadership as the Iron Ore price is currently at lows.
What better way than to wait and see some real action done by our new future CEO and set up a sound foundation as the Fe price slowly creeps up again.
Above all IMO
LCY Price at posting:
1.2¢ Sentiment: None Disclosure: Held
