iron ore price increase.

Discussions with china,s steel mills and the big producers
BHP,RIO,& VALE, for 2008 iron ore price increases have been well under way. Steel industry executives & analysts warned that iron ore prices may increase up to 50% this year due to short supplies & china,s rising iron demands.

Morgan Stanley has forecast a 50% rise in iron ore, Merrill Lynch and Macquarie have made similar projections, while JP Morgan predicts a rise of 25 to 30%

The three big miners hold a monopoly position in the market
and they have capability to exert remarkable influence on iron ore supply and demand. Skyrocketing spot iron ore prices, as well as strong iron ore demand from china this year, suggests that miners will raise the benchmark iron ore price in long-term contracts that start on 1st April 2008.

If the price increases just 25% this will be icing on the cake for Territory as it ramps up production and shipping,
more then 25% your talking cherries on top, as i said previously Territory as just started producing and 2008 is going to be a good year.