Fortress Minerals listed on SGX early this year at 20 cents, and there has been little price action === although Iron ore price have hit five-year highs.
The price of iron ore pushed past $100/mt for the first time since May 2014. S&P Global Platts reported that after Vale dam disaster, there has been reduced supply globally.
Strong steel demand from China is contributing to the price increases. China - the world's biggest buyer of iron ore and producer of more than half the world's steel. China - needs lots of steel for property market and infrastructure such as subways and sewerage systems.