Anglo When?, page-6

The iron ore price would need to fall a whole lot more than it has to go down to that kind of SP level.
Reality is, the market is tracking the iron ore price behaviour very closely currently and there has been a lot of quite sensationalist media suggesting China are imposing pretty excessive measures to try and moderate the price.
Most iron ore companies are seeing similar price action to us. China has tried this before without success, but’s it’s clear it’s currently impacting our SP right now and many are likely waiting to see how successful China are.
Whilst the Anglo deal will very likely lock in a highly favourable offtake agreement that achieves the aim of funding large parts of next phases, we’re going to be exposed to the market sentiment on iron ore until it stabilises.