Iron ore is white hot at the moment, with educated talk of a 30%...

Iron ore is white hot at the moment, with educated talk of a 30% iron ore price rise next year. Other spot metal prices are going nowhere, or even down.

Also MiningNet carrying a copyright story yesterday that BHP and RIO will seek to claw back some of the sea freight differential between what Asian customers pay for cost of delivery between Brazil and Australia.
Means that if you buy from CVRD.....cost of delivery per ton is an extra $15.

BHP say why should it be that much cheaper to buy from Australia.

IF YML got an operation away of just 1 MTPA.....an extra 30% price rise would generate $15 million EXTRA profit per year. The company is on a fully diluted market cap of $60 million.

Hard to understand why this companys shareprice is still well off its highs .....MGX up 75 cents or 70% since that correction a few weeks back