Poor manufacturing data out of China means lower demand for...

Poor manufacturing data out of China means lower demand for steel which means lower iron ore price which means IO miners get double slammed in a falling market. We did fall more than other iron ore miners today admittedly, this is likely because the company remains unproven or unknown to investors and so the buy volume isn't there to absorb the sellers.

I am currently still happy with my investment despite it going backwards significantly, based on the companies expected production cost the iron ore price would have to fall significantly further for the share price to be at fair value.