Yep-I saw that- they are all trying to jump on the

Yep-I saw that- they are all trying to jump on the gravy train while profits are high, which should be through 2015 experts say because of the several years required to bring new mines into production. Many forget iron was only 10-14/ton til 2002,which makes the median juniors cost of production of ca 12-13/ton much more understandable.

In trying to catch the gravy train,based on the Feb 2011 high of 192/ton, some bigger producers let costs run wild and have had to pull back- like CLF,w Canadian cash costs of 106 and all in Canadian costs of over 120/ton- thus falling from 85 pps 2 years or more ago,and Fortescue,which had marginal costs of ca 106/ton or more also and was hurt by the imposition of the 30% Australian iron and coal export tax, which caused China to withdraw from some Australian projects.

It is downhill to the port-funny how that works-everything but death valley, the dead sea and a couple other anomalies is downhill to the ocean- so roll em downhill cowboys.