Good posting B1, the 2 parts I liked in the piece were:"....an...

Good posting B1, the 2 parts I liked in the piece were:

"....an economic growth rate of more than 7 per cent on an already greatly enlarged economy..."

We tend to forget the "Compounding Effect" that consecutive years of growth produces - which means that this year's Tonnage increase in IO demand is probably very similar to the huge increases we saw a few years ago (In number of tons used)

and

"In Australian dollars, the current price of $156.27 a tonne is the best since October 2011".

If the IO price was US$156 and the A$ was equal to the US$ we would all be over the moon. Remember, dividends are paid in A - its no wonder some investors are prepared to pay $4.25 per share!!