The feeling was that this would go under hence the price was...

The feeling was that this would go under hence the price was punished to these levels.

If the company is now signing 3 year contracts then to my mind they will get thru and do very well especially now with the aust. dollar rising strongly which will reduce the hedge cost. The models in the last reports have showed increasing iron ore deposits at depth that will increase the mine life and tonnage not to mention the increases in the northern areas.

I have picked up more at the open today and will accumulate up to 20c, as IMO there will be more positive news going fwd from TTY.

Cheers