Iron Ore Price, page-1310

All the bullish comments from FMG holders, and basically telling those that think the price will continue to go down, are really putting their head in the sand. From the 2 comments below, firstly from BHP in Oct last year, in "IRON ORE BRIEFING AND WESTERN AUSTRALIA IRON ORE SITE TOUR". The second comment from RIO website " http://www.riotinto.com/ironore/expansions-9601.aspx "

"We plan to grow WAIO production by 65 Mtpa"

"Mine production capacity is set to increase by more than 60 million tonnes between 2014 and 2017."

Plus you then get Gina's 55mt/a mine, plus whatever vale are doing.

Both rio and BHP are making money in the $40 range, they have no inclination to slow down production. They don't care if they put others out of business.

Can any of those that see a price rise tell us where all this extra Iron ore is going to be used? Much of the increase hasn't even occurred yet, the market is still responding to the extra ore in 2014 especially from FMG and RIO. So where does this price rise come from with an oversupply in the short to medium term?
Realistically, how does FMG survive IO prices in the $40's or lower???