rob2803, are you one of those panic merchants who have little...

rob2803, are you one of those panic merchants who have little idea about what is going on in reality.
Prices are being driven down with panic, NOT by fundamentals.
When was China's growth at 15%. You'd better explain that one.
Yes, China's growth will slow a little. Down a percentage point or two.
When were you last in China?
Last week? I doubt it.
Go there mate and have a look for yourself before you sprout your garbage.
How much iron ore does TTY actually have in the ground?
Do you know how much?
I doubt it.
The management of TTY have a clue, but these days with the JORC requirements, you have to prove it. Drill it and calculate it.
That takes time, drill rigs, money and time to drill out a resource, you don't just click the mouse and get a 20 million ton increase in resources.
Yes, TTY WILL find significant increases of iron ore. At least 20 million tons at Francis Creek. And what about Mt Bundy and Yarram there is "northern tenements there is potential for up to 50m tonnes".

Is China stockpiling, they would like you to think that.
It's obvious you don't know how smart the Chinese are.
The Chinese will stop at nothing to drive a hard bargain.
Have you done business in China?
I doubt it.
Will China overtake the USA as the world's largest economy?
Yes, they will. Ten years from now they will.
Ask any Chinese on the streets in Kunming, Beijing, Chendu, Chongquin what they think of American and their subprime rubbish. They'll laugh at you, poor American's there are such fools, they do not know how to SAVE. They deserve the mess they are in.
Just the other day (Last week) in Chongquin they announced

Chongqing plans 2nd airport expressway
"A special expressway will be built for Chongqing Jiangbei International Airport, which is being planned in detail at present, according to Chongqing Urban Planning Bureau yesterday. It will be faster and more convenient for travelers to get to the airport after the plan is finished and approved by the government.
This expressway will surely be better than the present one, though the construction time hasn't been confirmed. According to the primary design, this north-south way will start from Jiangbei International Airport and end at the inner ring expressway, with a total length of 13.5km and 6-8 lanes in dual directions."
Have you been in Chongquin lately?
I doubt it.
Go there mate and have a look, and then tell me that this commodity boom is about to finish.
The smart people are buying and the idiots are selling.
And that's the truth.