Iron Ore Price, page-4548

Yourself being a mining engineer have been intimating the optimisation of opex and I have 'discussed' with an mining professional in the IO game of recent past. Both opinions are the same, you can optimised the inefficiencies short term playing for time but geology will eventually catches up.

The other issue is the pre-payment that I am also concerned because this is another form of debt with a "cost" in the form of discount. I am not an accountant but conceptually I can see the pitfalls of such a method of dependence but for the time being they are still profitable just very lean margins. Not much leeway to absorb a fall in IOP given the Chinese authorities have other problems much bigger on the ir plat they need to rectify like yesterday.

I am glad I was not suckered into RIO yet at the $50 mark. Might as well just watch on the sidelines because all I can lose it profits.