PTS 0.00% 4.0¢ platsearch nl

65pc increase in iron ore price good for pts

  1. 8,972 Posts.
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    For two reasons:

    1/ Its imminent Eastern Iron spinoff could get a better reception if the price rise in iron ore reignites the sector...there are a lot of sceptics and fair enough as its very low grade they are targetting, but with increasing iron ore price and the relatively easy upgrading of the ore to a high grade content, this could get VERY interesting.

    2/ WPG shareprice should perform well. PTS owns over 6 million shares and almost 5 million options in WPG. The higher iron ore price will make using the Darwin port more feasible (after the prics at Onesteel shafted WPG with the SA port at Whyalla).


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