GRR Valuation, page-397

Hi Placido

As Whisky says your guess is as good as anyones what the long term future price of IO will be.

If someone could just tell me the IO price for tomorrow I would be a very happy investor . . . lol.

My guess is that world wide infrastructure spending will eventually have a positive effect on the IO price.

I think what we are seeing now is a temporary dip largely due to implimentation of blue sky policy for the upcoming Beijing Winter Olympics in February.

I take what analysts and the media say with a large grain of salt.

I think guys like the heads of Cleveland Cliffs, TATA and even our own Mr Zhao have a better feel for where IO is heading . . . and the views of those three guys is very positive.