$1.00 or $1.50?, page-36

This is where the problem lies, iron ore prices are traded on a daily basis, I remember 5, 6 years ago iron ore price were negotiated annually by bhp rio vale with the big steel mills.

Today it is a much more difficult environment to trade the iron ore stocks. 6 years ago when pricing was negotiated annually you could buy any of the iron ore stocks, mgx, ago, fmg and when the overall market was going up like it is now you could easily make money.

Today simply buying iron ore stocks based on a positive market environment just doesn't work. The iron ore stocks today are pushed around on a daily basis reflecting the iron ore spot price which can be quite volatile and often moving 5 or 6 percent daily.