MAJOR COMMODITIES SNAPSHOT

WATCHLIST Iron Ore Juniors

Atlas Iron ASX:AGO

After almost collapsing in 2016, Atlas Iron has bounced back into the black after posting a full year profit of $48m for FY17 on the back of improved iron ore prices.

BC Iron ASX:BCI

The iron ore junior has also swung back in to profit, posting a $7.1m after tax profit for FY17 compared to a $43.9m loss for FY16. BC Iron readying a development play for its Buckland project near Cape Preston East.

Mount Gibson Iron Ore ASX:MGX

When a seawall collapse suspended operations at the company’s Koolan Island operation, it looked unlikely the project would ever get back on track. However a large insurance payout has given Mount Gibson the funds to get the high grade iron ore project back on track.