is rio a buy, page-68

"Iron ore spot markets finished Friday trading mixed with weakness in the benchmark price offset by strength in lower grade ores.
But Chinese futures ripper higher yet again on Friday evening, not only suggesting that the rally will likely resume with gusto on Monday, but also that a fresh multi-year high may be seen should the strength in futures markets be sustained today."

Looks like Grange Resources GRR is making some serious money too!!!!!

"Some producers suggested DR pellet premium offers may have to exceed $55/dmt, as the DR pellet market is urgently seeking seaborne supplies and unfulfilled demand is stretching availability from Brazil, Oman, Canada, Sweden and Russia, as well as a pellet plant in Bahrain taking feedstock."
"While there was some market talk of pellet premiums being settled at $45-$50/dmt for DR grade, a historic ratio of $10/dmt above blast furnace grade, or what some miners say is a longer term 7.5% higher total price than for BF pellet prices, is leading to DR premiums to theoretically test the $55/dmt band."