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3.33% 6.2¢ iron road limited

Whenever I see magnetite I just think why... in an environment...

  1. leishd
    1,370 Posts.
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    10/04/14
    11:57
    Post #: 13236007
    Whenever I see magnetite I just think why... in an environment where hematite operations can struggle how can a magnetite op possibly get going? particularly one with a $4B capex. I just can't see it. Here's another story today on the coming/current IO surplus

    http://www.bloomberg.com/news/2014-04-09/iron-ore-bear-market-deepens-as-aussie-mines-expand-commodities.html
    IRD Price at posting: 29.0¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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