IMO China iron rate is getting further lift. Only way the rate can go lower from here is slowdown in China growth which is highly unlikely !!   Add to that easing rounds initiated by Japan and every ditch effort from FED to not make strong USD means iron ore will see inflation here on for rest of the year.

Stock is held lower since financing is not closed so there is uncertainity. If my past experience holds true financing will happen and deal will be signed. With insiders lapping up stock in open market tells that run up in iron ore is about to begin.....

one never knows the market it could be big run from here on....