All this talk about Guinea is silly the Guinea production is...

All this talk about Guinea is silly the Guinea production is noise at 150mtpa.
In the period from 2012 to 2014 Australia alone brought on over 800mtpa of production and sure the iron ore price was hit hard then but it recovered and we saw massive profits.
Guinea at 150mtpa is a tiny increase and will just be a speed bump by comparison even if they manage to maintain 150mtpa (which I doubt is achievable in Africa). And Australia isnt bringing on any incremental production at all really other than bits n pieces. The Guinea tonnes are only about 1 years worth of global demand growth meanwhile year after year the global growth in demand is being met by high cost chinese mines because quality low cost mines in Australia and Brazil arent being build fast enough.
The Guinea tonnes are an irrelevant distraction.