All due respect but there isn't much that doesn't matter when it...

All due respect but there isn't much that doesn't matter when it comes to company performance. As long as FMG continues to sell everything it takes out of the ground and prices remain above $100 over the medium term then debt will be paid down and this company moves closer to becoming a high dividend or high growth stock.

The markets are reacting to the tapering off of QE, which is happening precisely because the US economy is improving. An improvement in the global economy may be bad news for traders with money flowing back into bonds as yields rise but it does not change the fundamentals of this company (as well as the fact that it is obviously a good thing that the global economy is on the up).

Anyone who is looking to make money over the long term without having to be able to correctly guess short term stock movement swings will be looking to underlying value. This is a great company with good management and a reliable revenue stream in my opinion - the only real debate centres around what the AVERAGE IO price will be over the next few years, short term movements up and down are of little consequence.

Similarly Chinese growth may move up and down but it is still growing ridiculously fast and they are going to need IO. The only thing that matters here is being at the bottom end of the cost curve so that as more supply comes online FMG will still be able to sell at a price well above their costs.

Like I said before I will be accumulating over the next few months, I actually hope the price stays low.