I can't share everyone's pessimism on iron ore prices...

I can't share everyone's pessimism on iron ore prices fundamentally they have stabilised the other point to note on this is India has stopped any of their iron ore from being exported ie they can see themselves consuming more than they produce.

So basically iron ore prices aren't going anywhere dramatic, we did see chinese steel mills drop their stock-piles last few months probably due to global uncertainty but now picking up again.