Eyeoverit! You can ask anyone about Fe ore stocks... eg ROY, CAP, AGO, FMG, MGX, GBG, GRR, ARH, PDY, DMA etc. Why they all get smashed? Because Fe ore price expect to fall below $100/t, ask people around who will invest in $95/t cost price new project?
Many Chinese Fe producers their cost price is about $100/t, but Chinese government is willing to subsidise their producers.
I don't have any investment, because I believe mining boom in Australia is over due to high cost (already predict WPL will abandon $45 billion project).
LCG Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
