Posted On: 11/07/2013 6:15:14 PM
Post# of 8054
Perhaps industry production will continually be on the rise now. The increase in supply is supposed to mute any real spot gains based on what Ive read. As long as demand keeps strengthening, something alot of the articles are alluding to, I suppose its very possible we head north from here. Do I see $200 ore in our future. Nope. Can we luck into $180 ore, perhaps. But for me the most important thing these articles tell me is that while upsude is limited, LONG-term the DOWNside is also very limited, and that is by far the most important thing for us, given the insane profitability at these levels once our production/shipping get up to speed. I think its become increasingly clear that the floor will be 100-120 a ton, being Chinas production floor as well as a tipping point for other miners around the globe. The only reason it briefly dropped below a year back was manipulation. That kind of certainty, a bottom of 100-120, for many years ahead, is why I get so excited about this company. We just need a small window of blue skys.
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