Our iron ore producers who cant make a buck at market price will...

Our iron ore producers who cant make a buck at market price will die. That's what mining is. That is the way Australia has always treated mining. Take a look at the number of old and abandoned mining towns around Aus and the thousands upon thousands of historical mining companies names. That's the future prospect for mining and those who try to make a buck (usually a fast buck) out of it. Why should nonviable iron ore miners be any different!

No reason at all....
but this is a stock MARKET forum, not a mining company forum. There is only a very slim connection between making profits from mining and making profits from the stock market trading of mining companies.

Its historically true that the most profitable time for trading mining companies is always while the actual company is making massive losses in its initial building period. Many examples of which Posiedon would be the classic, although FMG went to its high of $13.15 when it was making much less money than now.

Mining company execs have a totally different goal to market traders. Its easy to find yourself watching the wrong horse. The current winning horse is the one who is watching market sentiment, not the iron ore price.

Supply and demand will dictate company profits, but supply, demand, AND investor sentiment will dictate share prices.