Looks like the all time high was 30.35. I wouldn't be surprised if it got back to that but I would be interested in knowing the iron ore prices at that time as compared to now. That said I would also expect to start seeing more volatility as traders take profits. This isn't a high flying tech stock it is iron ore and after only 2 months it is up 50%. Have to expect some bumps coming soon
30 after there is clarity on royalty yield for year.
this is a security which like other material stocks/lp's with yield such as SCCO is tied to long term return and competes with bond yield and utility yields - at 2.50(my estimate) annual near term royalty- it should retest old high.
it is held back by scare from last year and half great recession - and current fear that china is a bubble -
<<Looks like the all time high was 30.35. I wouldn't be surprised if it got back to that but I would be interested in knowing the iron ore prices at that time as compared to now.>>
My recollection is the international price dropped 30-50% in 2009, but that many steel produces opted to trade spot rather than settle for a contract in an uncertain economy. This was just at the bottom in 2009, and the ore market had been just dead for 3-5 months prior.