Replies to post #80714 on Savvy Trades and Investments

[Swick984]

AYSI - Not only are pricing hitting 5-year highs, but production levels out of Australia are hitting monthly highs.

https://www.dailymail.co.uk/news/article-8980295/Australian-iron-ore-exports-surge-record-high-10-9-billion-October.html

BHP continues to work on their South Flank mine, which will need plate. Other mining companies are going through or planning production increases. All the while, Chinese demand remains strong.

https://www.mining.com/south-flank-is-84-complete-bhp-says/

In the past, Q4 has provided some pretty significant quarters, both in terms of sales and profits. Given the relatively light Q3, likely resulting from delays due to COVID, it wouldn't surprise me to see a pretty big sales and EPS # in Q4. The rising Australian $ will also make the #'s look bigger on a USD reported basis.

Now if only we could get them to pay a dividend with all that cash...