iron ore

The age newspaper had a article on Ore and the supply and demand on Saturday.
The article advised how basically 75% of the World Ore is coming out of Australia. After Japans recent 19% price hike and because China is now under the pump for future projects which will take approx 20 years to complete, they will be forced into the same price increase as Japan IMO.
And over the next years we will find a steady increase for Ore.
Who else apart from RIO and BHP can supply them with the demand that they require over the next 2 decades?

RIO and BHP are in an awesome long term position it seems, AQD's Nameless project could be a major part of this World demand for Ore, it's a huge area 15KM x 300.

Truly amazing to think that the price is still in the 60c mark.