now that is how to sell shares, page-40

Its important that GBG shareholders remember that the IO price is still around US$145/tonne for 62% Fe.
This is a very good price.
The IO price is currently bouncing around these levels as the Chinese have decided to sit on their hands again and have slowed their buying hoping for the IO price to go down.
The result is, when the Chinese don't buy then they must draw on their port stocks.
Port stocks have continued to decline and they are currently sittng at 66.54 million tons.

"As of March 8, combined iron ore inventories at 30 major Chinese ports declined by 2.98 million tons from a week ago to 66.54 million tons, the lowest level since mid-January 2010, data from mysteel.com, a Chinese Internet portal dedicated to the iron and steel industry, have showed.

Iron ore stocks decreased to 77.75 million tons at 34 Chinese ports compared with the previous week, the China Securities Journal reported on Tuesday, citing industry observer umetal.com."

Every day, every week, and every month that ticks by with IO prices at these levels, you can be sure GBG is making good money.

If you really think that IO prices are going to US$70/tonne for the long term, then you'd better think about starting that vege garden and raising a few chickens. Because Australia will be stuffed.