More on the 56% rebound in iron ore prices: The news is particularly good for high-cost...
Sunday, December 30, 2012, 8:20 PM ETMore on the 56% rebound in iron ore prices: The news is particularly good for high-cost producers like Cliffs Natural Resources (CLF). Oracle Research's Larry Balter estimates the company earns another $2/share for every $10/ton increase in the price of ore (it's up about $50/ton in Q4). The company earned $6.52/share in the year ended Sept. 30. (h/t Adam Johnson)
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