Ann: IPO Prospectus for Western Gold Resources Lodged, page-44

No, its really just a few years imo that it will be 100/t plus, until Brazil recovers.
It will take longer than that for extra supply to come out of africa. Lots of rail to build etc.

This is about making hay while the sun shines. If we get even two years of gravy, what do we do with 100 plus M of cash. (which is why they want to expand stage 2, and get more than 1mt pa. => more $$$)

Now if you looked ahead into a lower priced iron ore, at that point, we would want to spend that cash on something with lower opex, closer to port. Its all about using our cash to transition to a sustainable lower priced environment.

But, having been in the box seat, to reap this cash window while it is open, is leagues ahead of all those others.
And it gives us choices, we could invest into anything at that point.

If you're still drilling for it at this point, you are in the dreamers camp.
But If you're are sticking it on a boat, and shipping it, you are in the winners camp.