how much others ae paying for projects

Another recent Buyer of an Iron project


A report from Mark Pervan, global head of commodity strategy for ANZ, this week said that with the stabilisation of the overall macro environment, commodity markets are entering the second half of 2014 on a positive note.
While an increase in commodity prices is likely to occur, the report says, it will be a modest one, however.
“Overall, the backdrop looks accommodating for commodity markets in H2 2014,” Pervan’s report states. “But the upside looks limited over the next month or two until we see this supported by a pick-up in physical demand, which is expected later in the year.”

He reportedly said that Baosteel and Aurizon’s recent acquisition of Aquila Resources, along with its WA iron ore venture, for $1.42bn, was a vote of confidence in the future of iron ore in the Pilbara.
“It implies that Baosteel has paid $500m for half of a 30mtpa undeveloped iron ore project that still has five or six billion dollars worth of infrastructure investment ahead of it,” he was quoted by the AFR.
reportedly agreed that the bottom of the iron ore market had been reached.
“The great big rush of supply – that was the bit that was damaging to markets – has started to displace other sources of supply,” he was quoted.
“Is it possible that you get some volatility that sees the iron ore price go down to $US80 a tonne? Yes, but it won’t stay there because there is too much supply that gets knocked out of the market at those sorts of prices.”
Iron ore price closed overnight at US$95.50 a tonne.
Some more food for though on how much someone will pay for strikes assets