it might have something to do with speculation that the Chinese are going to give into BHP and RIO and accept a higher iron ore price due to the freight savings from ore shipped out of Australia.
its not just the large/mid cap iron ore plays running GDA another pilbara spec play was up 19% on Friday, on speculation of an announcement regarding iron ore exploration just north of FMG's massive Cloudbreak Deposit.
keep an eye on GDA as increased volume means news is on the way.
