Chinese traders tip iron ore to hit $US70, page-112

Well said!

I think that MGX has strategically called for lower output this year, knowing that the market just doesn't seem to be in any sort of favour for Iron Ore. The war chest means they carry a far lower risk profile.

In terms of BHP and RIO, if they truly are looking to kill off the smaller players, I'm sure they wouldn't be worried about the juniors (MGX, AGO etc.) but I personally think their target may be FMG. Fortescue has big debts, a slightly higher cost to produce, and could arguably be the worst affected by a longer term discounted Iron Ore price. I think there could be a play on FMG?

Twiggy has already highlighted that he's very interested in agriculture, particularly beef, so what's to stop him cashing out and starting Australia's greatest 'dining boom'?