Lets see whats in the report, if i follow my nose, signs point...

Lets see whats in the report, if i follow my nose, signs point to iron ore prices being worse than this time last year (sorry to be the bearer of bad news) and explains why the chair locked away 50000 tonnes for the next 6 months at the higher price.
* personally here - i believe they have panicked and hedged their bets.

The tell tale here with the quarterly is towards the end of the month with the announcement.
Dont be surprised if it is released later this week with the public holiday and all.

I'm expecting lower price iron ore than last year and higher costs.
And with regards to mine expansion no news.

Good luck all the same, but i dont see any good news on the horizon, apart from what you know already = iron ore prices are headed higher.

Rooks.