I was trying to understand what caused the huge  spike in ore prices yesterday, and the only things that may have had an effect like that imo, are the Chinese throwing in their cards on trying to get lower prices by claiming over supply, or this mining strike in South Africa.  http://www.mining.com/kumba-declares-force-ma...ine-61817/  I wonder if the 2 words "force majeure", can put that much buying  incentive into the iron ore market.. Maybe the iron brokers were told we con't care about strikes in SA... Where is our ore. This may be the same thing that happened when the producers in Brazil claimed "force majeure" because of the floods a year and a half ago, which also equated to record prices back then. Even if this strike is averted in South Africa it will still probably lead to higher iron prices from that region.. If 120,000 tons per day disappears from the normal supply in the market, I suppose it has to be made up somewhere else..  I hope CWRN does it's part to help out if it hits $130-140 again.. We have 3 days worth ready to go I would guess.. I would think 64% ore grade is getting real close to that price now..

 I sure hope we were able to maintain full production, even through the price drop, because right now inventory is money in the bank again.. Time to take the whip to this mudder..