Full year results, page-29

fantale, yes maybe some speculation but demand is also rising in Asia. The best reason to be bullish on GRR is the PELLET iron ore price and given the ambitious infrastructure building plans in the Asia, spearheaded by China’s New Silk Road plans, expect demand for iron ore to significantly rise.

Grange produces IO pellets which are doing surprising well.

"While there was some market talk of pellet premiums being settled at $45-$50/dmt for DR grade, a historic ratio of $10/dmt above blast furnace grade, or what some miners say is a longer term 7.5% higher total price than for BF pellet prices, is leading to DR premiums to theoretically test the $55/dmt band."

Add to this
“China’s spot rebar prices bounced back on Monday January 16 amid news of production cuts in Hebei province due to air pollution,” the group wrote on Monday.
“Cities in Hebei are required to cut emissions by 30-50%, with the province raising another alert for air pollution last Friday just days after a similar one was lifted in the region.”

IO Pellets are in higher demand when China cracks down on pollution.

I guess theres a lot of people who'd wish they'd bought Grange at 9 or 10c. Still not too late.