look at a world cost curve mickey, the majority of chinese iron ore producers well over $100 per tonne. china can't afford a $100 ore price and the average will never be that low. you are believing the press and bhp and rio and thier doom and gloom. these people told you it would never go above $100 again and when it did, they told you it would never stay up for long and it has. i do agree aussie costs are too high.