bby on lateline business, page-7

Neil, by your logic, shouldn't iron ore be selling a lot lower than current levels? How come BHP and RIO are still holding out strong in their contract price negotiations with the Chinese steel mills? Iron ore is everywhere, indeed, yet the price still goes higher, so does share price of iron ore stocks. If rock phosphate is a baby bubble, then iron ore would be a granddady bubble, by your logic. Bubble or no bubble, I am still buying.