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Re: None

Monday, 02/23/2015 11:19:25 PM

Monday, February 23, 2015 11:19:25 PM

Post# of 91121
i posted articles showing that at that time in 2011 etc contracts were providing ca 5/ton for each %- thats when ore was as high as 191.90

so its dishonest to apply what i said then when prices are now only ca 33% of 191.90-learn about frames of reference

taking a differential of 1.60 now x 3 = 4.80/% IF price was now what it was when i posted the articles confirming $4-5/ton/% over bench

so u need to learn about frames of reference when misrepresenting

feb 11 when i checked

Platts China Seaborne Trade Spot Sales for 65% Fe was 69.80, plus 1.40 for 66% Fe plus 0.295 for each 1% Fe/u/mt Lump Bonus, that's $90.67 per DMT. They went back to the old system of Lump being more valuable than Fines- so u are missing the import of the value attributed to lumps being more valuable.

just showing u an example of things u are missing sb

Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?