iron ore juniors forge pilbara pact, page-30

The.Frack,

I think you are right: Mr Forrest's aim must be to stop us trying to obtain the higher iron ore prices. He wants them for himeself, so he will do everything to delay us getting to production. It would be different if the forward iron ore curve were pointing up, but I presume it is pointing down toward $80 a tonne at some point in the future.

As only a new investor here recently, I've only just watched the interview with Mr Forrest here where he mentions some iron ore producers with sky-high iron production costs of $140 a tonne. Not sure whether to believe him on that.

http://www.abc.net.au/news/2013-05-06/twiggy-forrest-in-the-pilbara-on-the-future-for/4673240