Or perhaps this article from midway through last year! I'm sure you'll see my point when i say that the current price of ore is irrelevant in the BIGGER picture being painted ;-)
http://www.miningaustralia.com.au/features/digging-beneath-china-s-interest-in-australian-iro
Also, heres the IG interview video if u scroll down the page, the answer at 1:30 is interesting and i quote "the chinese wish to diversify their supply so as not to rely on the majors"
http://www.finnewsnetwork.com.au/Co...tiations-a-Boost-for-Pilbara-Iron-Ore-Project
