Time to take note of this iron ore mining stock for 2021 the following reasons:
1. Insider has been buying back this stock these few days;
2. Malaysia has imposed anti-dumping steel products from China, South Korea and Vietnam in Dec 2020 and thie will contribute Fortress' business positively in Malaysia;
3. US drastic QE will continue to provide support the high Iron Ore price; and
4. Company has expressed optimistic outlook on its iron ore products in 2021.
The current stock price will eventually rise to reflect its good potential. Lets watch up for it!
Fortress Minerals expected to report full-yr FY21 results this month, right? Should be great profits. Iron ore price has been staying very high on China imports.
