re: iron ore a pipe dream I will add, I don't know how many...

re: iron ore a pipe dream I will add, I don't know how many other minnows will be in production within months not years? Production in years time sounds like a pipe dream to me not a company that will be in production in a few months.

I will also add that sectorally I believe iron ore is a good place to be. This just out on China growth:

"Chinese economic growth for the second quarter came in at 9.5 pct, compared with 9.4 pct in the first quarter to March.

'All the numbers that have come out show an acceleration in the economic activity,' commented Barclays Capital analyst Kevin Norrish.

'It suggests that the underlying picture for China's commodity demand is still very strong and it is not fully priced in most of the commodity markets."