As it appears to me it is not at all a concern. It is just tracking fall in iron ore prices. If you see prices of all iron ore companies, you will observe similar trend. And it has nothing to do with book value. Iron ore prices in international market is at 52 week low due to Chinese concern and it may go down further as per experts. And it is not going up until Chinese demand comes back. And to compound the matter further there is the concern of rising state royalties on the back of recent SC judgment.
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