rbs australia - $7.37, page-6

Quote:

"The broker has lifted its iron ore price forecasts to reflect the BHP Billiton ((BHP)) agreement and the increases make it more likely Fortescue can self fund its intermediate growth options"

That sums it up nicely, end of the day if your getting 90% odd more for your product your bottom line will reflect that, given the tonnage going out the door these days the following reporting season will look very healthy IMO. Self funding another major plus too to achieve 55 MTA target.

Regardless the market sets the price, not brokers.