https://www.*.com.au/iron-ore-price-china-property-...

https://www.*.com.au/iron-ore-price-china-property-market-restrictions-cewc-2018-12

Only loose correlation to V chart wise but lower iron ore / steel price doesn't allow much margin for other product inputs.  

Iron ore reacts much more quickly to demand, you can't let your inventory deplete waiting on the price like you can for a sub 1% input.

This 30% commodity pull-back combined with broader market sentiment has really belted our SP.  Trading at somewhere around 1% true NPV is a 99% market expectation of failure.  I expect this will work seriously hard in the other direction when it turns.  Could be days, weeks... who knows... but sure as Christmas, it's coming.

I'll be quietly sneaking a few from the bottom of the deck until then.  Cheers.