Issue No. 64 - April/May 2012
Iron Road option for aggressive traders
by Zac Zacharia
In this edition, we will continue our focus of listed shares with interests in South Australia.
The global demand for iron-ore production showed a healthy increase of about 8% in 2011, compared with 2010, with the bulk of the world’s iron ore going to China. China’s continuing industrialisation is expected to raise iron ore demand to 3.5 billion tons by 2030 - meaning demand is expected to double over the next 20 years.
Iron ore demand is closely linked to the economic development of countries such as China and India and increased standards of living in these and other developing countries. Australia, and in particular, South Australia, is also in a position to benefit from this trend through the commitment and investment of listed companies such as Iron Road Limited (ASX Code: IRD).
Iron Road Limited is a mid-tier iron ore exploration company with a market cap of about $87 million. It is led by an experienced board, management and suppo...