Iron ore and stell outlookHere's a positive outlook on iron ore since the analyst sees it's price go back up with the economic recovery. This would be very positive for NML SP which should go up to $1,50
at current ore prices only with DSO.
Fast forward at 2:15 for the outlook on iron ore and CML.
https://watch.bnn.ca/market-call-tonight/july-2009/market-call-tonight-july-20-2009/#clip195525
The same fundamentals that apply for CML also apply to NML and will move the SP if the analyst's scenario plays out. I didn't have time to do the math with last year's iron ore prices yet, but I'm sure it will be pretty interesting for NML Also, if iron ore demands becomes as high as predicted, this will put even more pressure on TATA to accelerate DSO and commit to LabMag/KeyMag.
I thought a positive outlook wouldn't hurt at this time since a lot of investors are disapointed with the SP. At least this is base on some fundamental analysis, not one done like does who sniff their own underwear (pork scent) to make their mind on a stock! (sorry but I couldn't resist)!
Good investing to all.