The market and Grange maybe down but the price of iron ore is around record highs. When Grange completes the cutback and production increases and production costs fall, the $$$ should keep rolling in even faster.
Only a dummy would be selling Grange at current prices.
Spot iron ore price tightens to $185-186 cfr
August 19, 2011 - 10:00 GMT Location: Shanghai
China's spot iron ore import market inched higher on Friday on improved demand from Chinese steel mills
China's spot iron ore import market inched higher on Friday on improved demand from Chinese steel mills. Prices of 63.5% Fe content Indian fines stood at $185-186 per tonne cfr China.
when does grange report, page-7
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