Morning Report Tuesday 2 September 2014
Get ready - a Trading / Investing Opportunity is approaching!
I have woken up this morning with the flu that has plagued most of Sydney recently, just as my wife is taking a month’s overseas holiday with my son and the family - definitely something wrong here! After creating some market interest recently with my discussion on the Iron Ore price versus the underlying Iron Ore commodity, I thought today would be a good time to update my thoughts, given markets in the US were closed last night. Firstly, let’s consider the current breakeven cost ($US/tonne) for the leading Australian Iron Ore stocks as the commodity trades around 2 year lows of $87/tonne.
*Prices as at 30th June, 2014 assuming $A at 93c, source Sydney Morning Herald 27th August 2014.
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