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Appreciated dat111 and thank you. I consider my beliefs about iron ore futures to be a poor base for making assessment decisions. There is too much I don't know. Will significant iron ore resources be found on other continents and mined more cheaply? Will there be an under supply or over supply of product.... I don't particularly want to buy FMG at $3.80 and watch it go to $3 l wait for it to go to $5.... I don't want to rely either on a hope that FMG will become a buy target.AGO bought Aurox. The price surged and has now plummeted. Yet AGO is producing and selling.I agree FMG has attractions. I am trying to weigh up the risk.
Appreciated dat111 and thank you. I consider my beliefs about iron ore futures to be a poor base for making assessment decisions. There is too much I don't know. Will significant iron ore resources be found on other continents and mined more cheaply? Will there be an under supply or over supply of product....
I don't particularly want to buy FMG at $3.80 and watch it go to $3 l wait for it to go to $5.... I don't want to rely either on a hope that FMG will become a buy target.
AGO bought Aurox. The price surged and has now plummeted. Yet AGO is producing and selling.
I agree FMG has attractions. I am trying to weigh up the risk.
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