Over the past 24 hours some in the media have talked about...

Over the past 24 hours some in the media have talked about commodities tanking badly etc etc. Once again I just checked the 62fe price and its $175.70 per tonne or down just $1.00 or 0.566 of 1%. So much for a collapsing Iron Ore price atm. So to that end, the fe price even for lower grades with penalties is still very substantial, especially for producers who are getting the stuff out of the ground for around $43 a tonne. Even with penalties, I reckon Atlas would still be getting $130 to $135 a tonne leaving it with very decent profits. At the same time we have a lower Aud which benefits Australian companies when they bring in revenues from overseas. Once again Im not an expert so no one should take my posts as financial advice.