Now spot price at 111.5 from 103 a couple days ago. Vale stuck at 12.5 range, sure it is frustrating but the strong rebound of IO price is a vote of confidence.
This downturn will be short lived. The people who are waiting for the $11.50 to $12.00 might be right; however the risk/benefit at these levels is very attractive. Very few get to buy at the bottom or sell at the top.
Sentiment: Strong Buy