I think that's the way to go. Watching the gyrations on a daily...

I think that's the way to go. Watching the gyrations on a daily basis can drive one insane.

Last thought to leave with our happy shorters who believe it's heading back to the $40's - about 10 years ago RIO was selling approx 50mt of iron ore - last year they shipped 143mt and within 5 years they'll be shipping 200mt. And they still own 13,000 mt of iron ore in the ground. There's nothing stopping RIO from going to 300mt within a decade if that's what it wanted.

And guess what drives profits? Volume growth. 10 years ago when they were at 50mt their profits were under 1 $bil, their share price was under $30, and their dividend yield was less than 3%. Pretty obvious what rising production volumes can do to profits, especially when you operate a mine with mega mega fat margins.