Stock price when the opinion was issued
A lot of metals have been settling down, and Brazil's had some rough times. Might have broken the support level, probably because copper and metals are taking a breather. Possible it will see lows of 2020. Chart's more bearish than bullish right now.
He wouldn't buy it. If you already own, it's your call, as the next target is that 2020 low.
Cheap. Waiting to see outcome of penalties for catastrophic tailings dam failure in Brazil. He needs to do a net present value analysis. Iron has been fairly weak recently, but company still generates substantial free cash from Brazil.