I'm loving all of the theories but the sp movement is hinging on...

I'm loving all of the theories but the sp movement is hinging on a single thing at the moment and that is the real estate developers in China. Once that is resolved the picture will be clearer. Until then the sp will likely just fall under its own weight until a real incentive appears. Meanwhile the company continues to make good money at the current iron ore price and as always the broker estimates are just guesses because as we've seen time and time again they are rarely correct although, when it comes to resources, I think Macquarie seems to have a better handle on the bigger picture than the rest.