any news yet?

All is quiet on the Eastern Front - I presume that "No news is good news"....

I was reading this article on the net:
http://www.steelguru.com/raw_material_news/ASSOCHAM_supports_complete_ban_on_Indian_iron_ore_export/156308.html

The interesting part was:-

"It should be observed that China has been very judicious in controlling its natural resources through quantitative measures on steel making raw-material with a 40% export tax on export of coke, thereby crating a shortage of coke in global market. It has pushed the prices by almost 200 per cent in last one year and spells the Chinese ambition of gaining undivided control of world steel industry."


A "shortage of coke" combined with PRC starting high volume Hydro-mining will generate some decent profits and put the SP back to where it should be.

If I was PRC, I would be pushing like mad now to get the high volume (and revenue!) going - in time for the options to get back into the money before they expire next April.