right now there is a general sell down in many commodities and Mesabi is giving back based on that plus the huge run it has from the teens where I bought it..........and then sold in the 45-50 level. I say it is too early but you could take a 25% buy-in of your 100% target amount if you just can't stand it.......but my fear is the stock has more DROP B-4 the POP. Boolean.
You have to decide whether the current strong demand for iron ore will offset the next couple of cold months that will limit ships from Northshore. There seems to be a frenzy of mining mergers and buyouts, especially in emerging markets in the quest for all metals. That suggests demand for iron ore will continue throughout 2011.