Iron ore price, page-4704

AJ all that aside there still printing money hand over fist at $58 for 58%
Interesting dynamics playing out with differing rhetoric
-From the HC news article yesterday abt RIO building an intelligent iron ore mine
From Peter Salisbury CEO of FE for rio
The discount for lower grade iron ore has widened to 40 percent below it benchmark from 30 percent at the start of the year, said Salisbury.

Until recently, the gap between the lower-grade iron ore company's such as Fortescue Metals Group (FMG), Atlas Iron (AGO) and other Australian producers mine and the benchmark was regarded as temporary and expected to narrow over time, Salisbury said.

"But in the last couple of months, yields firmed to the point where it is evident they are here to stay, it's not cyclical," he said.

And then that from Nev who says it's cyclical.We will know in abt 3 months