Spot is hovering around $888USD in Sydney Australia and near term futures are just over $891. Looks like tomorrow we may hit that 2008 end of year target they were talking about a couple of weeks ago of $900 (that is what a lot of analysts were saying was their 2008 year end target in there 2007 review articles). Makes you start to wonder wether we/ARU should put off talking about contract/base price for a while so we don't lock in to soon.
.... Been There