From the AFR:
Shares in Fortescue Metals Group have surged shortly before midday, after the iron ore miner published aggressive production guidance for the 2015 financial year.
Fortescue has told investors it could produce as much as 160 million tonnes in the new financial year, suggesting the capacity of its export system is not limited to 155 million tonnes as previously thought.
Hmmm…a 3% rise in output versus the deluge and falling price ahead. Not that is matters overly but if another 5 million tonnes knocks a tiny fraction off the spot price then margins and profits will actually fall.