Iron ore spot price at $139/t for 62%. The west pilbara ore of AQA will sell for about $110/t still a very nice operating margin for AQA. IO price is up about 20% from the 2011 lows.
The real reason the AQA share price is down can be put down to... Just give a call to Macquarie :) They know exactly why the share price is under pressure, since they're the culprits IMHO and made a big boo-boo with regards to AQA, again IMHO.
Take out Macquarie from the overall picture, and you have a bargain IMHO, who knows how long the current prices will last.
Iron ore spot price at $139/t for 62%. The west pilbara ore of...
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