Just to reinforce Rosedales information, Teck has seen a substantial increase in share price since its low and the P/E ratio is currently 14.45. Rio Tinto has a P/E ratio of 14.882. Cliffs has just had a 10% share decrease in the last two weeks and their P/E ratio sits at 35.16 at the moment, which is two and a half times what seems to be the norm for majors. The correlations should raise alarm bells.