Spencer Cole

this is actually insane > be tech guy in australia > adopt cancer riddled rescue dog, months to live > not_going_to_give_you_up.mp4 > pay $3,000 to sequence her tumor DNA > feed it to ChatGPT and AlphaFold > zero background in biology > identify mutated proteins, match them to drug targets > design a custom mRNA cancer vaccine from scratch > genomics professor is “gobsmacked” that some puppy lover did this on his own > need ethics approval to administer it > red tape takes longer than designing the vaccine > 3 months, finally approved > drive 10 hours to get rosie her first injection > tumor halves > coat gets glossy again > dog is alive and happy > professor: “if we can do this for a dog, why aren’t we rolling this out to humans?” one man with a chatbot, and $3,000 just outperformed the entire pharmaceutical discovery pipeline. we are going to cure so many diseases. I dont think people realize how good things are going to get

Steel production per year is circa 2btpa. Means demand for your "typical" ~60% iron ore is probably 3btpa+. Maybe 1.2btpa comes out of the Pilbara between BHP, RIO, FMG, MIN & Hancock.. add in Vale maybe we are at 1.6btpa🤷‍♂️ BTW - none of those players set the price.. its the higher cost players in the cost curve. Price is set at the margin. 120mtpa on a 3btpa market is 4% (maybe 5% grade adjusted). Yeah it'll slot in cost wise toward the lower end. But what's the "marginal" tonne gona do? There's a lot of hate on iron ore pricing for various reasons.... calling out WA govt to drop red tape cos their royalties are about to plummet is a new one tho 😂😂