AUSSIE DOLLAR DROPPING !!!!!!!!! The Australian Dollar has...

• AUSSIE DOLLAR DROPPING !!!!!!!!!

The Australian Dollar has dropped to levels around 74 cents at present which should be giving Karara a consistent return for their High grade ore they are pulling out of the ground.

Iron ore spot markets were near static on Monday due to a public holiday in China.

• The price for 62%, 65% and 58% fines was unchanged at $68.49, $89 and $39.19 a tonne respectively, according to Metal Bulletin.
• Trade in Chinese futures will resume today at 11am AEST./strong>
• With the Australian dollar so low Australian high grade producers should be receiving around AUD $$$ 1.21 for their product.
• Assuming product sold in USD and day to day costs AUD