No chance of me cutting out of this one early - I still believe march/april 2018 will be very interesting as far as this share is concerned - im slowly loading up - offload if you wish - more for me -)-)
Chinese iron ore futures touched a 10-week high on the last trading day of the week, providing further support to spot iron ore prices, which hit their strongest since September on Thursday.
"With steel futures in China continuing to rise, physical iron ore traders appear to be happy to chase prices higher for the moment," ANZ analysts said in a note.
The most-actively traded iron ore on the Dalian Commodity Exchange closed up 1.5 per cent at 513.50 yuan ($US78) a tonne, after hitting 515.50 yuan intraday, its strongest level since September 14.
The contract gained 9.4 per cent this week, the most since end-June.
Read more: http://www.copyright link/business/...e-extends-rally-20171124-gzsp9b#ixzz4zWcSkeKu
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JORC Jan 2018, page-6
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