rio anc 85percent increase iron ore price, page-3

Hi OC,

The story keeps getting better for CFR!

This iron ore price increase is great news on the back of yesterday's trading and should push the SP higher. The upcoming valuation report (early July) will now be 85% higher then yesterday!

Here is the link:

http://business.smh.com.au/rios-ship-comes-sailing-in-20080623-2vkb.html

The CFR team did say they were keen on fast tracking the JV- this is looking like an easy decision to make.

JB