THE DISTILLERY: Shockin' ore

Jotters bring out the slide rule to explain the iron ore price outlook, while one wonders whether Boart Longyear investors are putting two and two together and coming up with five.

Australia’s business commentators have conducted a thorough analysis of the iron ore markets, such a crucial source of Australia’s prosperity. Fortescue Metals Group chief Nev Power, who leads a company that’s more vulnerable to price weakness than BHP Billiton and Rio Tinto, sparked the conversation with a speech to the Sydney Mining Club.

Not to be biased here, but we have to start with Business Spectator’s Stephen Bartholomeusz, who explains why the "quite rational” argument that the costs of marginal producers set an iron ore floor price isn’t panning out.

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