Alderon Iron Ore Corp AXXDF

RE:RE:RE:RE:New 52 Month Low

[idleintruder]

Colormegone:

Re: "The short term forecast for iron ore is $70./T . . ."

Not exactly: "The Bureau of Resources and Energy Economics, a government economic research unit, expects Australian production growth to slow and prices to average around US$90-US$95 a ton over the next five years, executive director Wayne Calder said.  From Wall Street Journal, Sept. 18,
2014

As I recall, Alderon's cost is $40 to $45 per ton; shipping $10 to $20 per ton, depending on whether it ships to China or a Chinese facility in South Africa.  Thus, Alderon still makes money selling iron $90 to $95 a ton--and remember minelife is 30 yrs.    Still very positive.  World growth could result in much higher prices.