oversold, page-38

Read yesterday 36m tons of IO was shipped from Port Headland in May. That's over 1m tons per day. Must be tens of thousands of tons per hour! And that's just one port! I am concerned re oversupply and a race to the bottom as the big 3 try to outdo each other. IO buyers can afford to wait as price eases. Quality of IO also crucial. I'm not sure where AGO sits in that regard. I know transport costs are a expensive factor for them. Too risky for me esp after getting caned on gold stks.