Just got one question for you. If you are Chinese steel mill and can only invest in ONE company's CAPEX. Which one will you choose (1) ROY, (2) CAP or (3) FMS (than talk to FMG on payment using their railway)? And why?
The reason I ask this question is I think Fe ore price will stay around $100/t (+/-) for many years. It is unlikely many projects will be funded, may be just one or two projects in Australia.
At current ROY sp, look very cheap. Just IMHO.
MFE Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held