Dryblower on the iron ore bounce

NICE start, but can it continue? That’s Dryblower’s question after last week’s remarkable revival in small Australian iron ore miners as investors digested two interesting developments; a slight rise in the iron ore price and a further fall in the Australian dollar.

Atlas Iron and BC Iron were the big winners with rises on Friday of 39% and 17% respectively, upward moves which would once have had champagne corks popping.