itabirite is good, page-49

westcott,

To follow on from our discussion regarding long term price predictions;

http://metalexpertresearch.com/research/en/global_iron_ore_price_forecast_%28april_2013%291.html?OpenDocument

The column in the far right shows an average forecast of $93p/t for 62%fe. These are the kinds of prices I would think you should be basing your forecasts on, after taking into consideration the premium SDL would earn for the concentrate obviously.

I think that the $174p/t to $191p/t prices you initially said to use in calculations were far too high. That's all I was getting at.

Cheers.