Has the recovery of the big three iron ore miners overshot?

MORGANS analyst Adrian Prendergast has suggested that iron ore and equities are recovering faster than fundamentals.

Has the recovery of the big three iron ore miners overshot? Has the recovery of the big three iron ore miners overshot? Has the recovery of the big three iron ore miners overshot? Has the recovery of the big three iron ore miners overshot? Has the recovery of the big three iron ore miners overshot?

Fortescue Metals Group's Eliwana iron ore mine

The MySteel 62% Australian iron ore fines price hit US$110 per tonne this week, up from $80/t at the start of November.

Prendergast said it was encouraging to see iron ore back at more than $100/t.