im here pear, found it funny everyone talking about the grade discount (even the longs) it was as if rio and bhp ship 100% 62Fe, I mentioned to you and also put the email up, the majority of ore that leaves the pilbara is under 62%, rio n bhp never get a mention as they do ship a small portion of it, FMG have zero 62 so the finger points at them.
I expect about a 5% correction on the xmj, want to see it bounce of the 200day as it did in 09 and then round 2 begins.
Iron ore price, page-817
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