I would say the 'sell off' is due to the report out today (...

I would say the 'sell off' is due to the report out today ( published by BREE the Bureau of Resources and Energy Economics ) that iron ore prices would be trapped at about $94 per tonne for the next 5 years. They even stated that FMG would struggle having had their margin slashed to $2.10 per tonne. Published as part of Bull Weekly.

Thank goodness CAS can produce the stuff for about $10 per tonne. Good time to buy.