How did you determine the number of searches? Did you do an exact match or a broad match? If you did a broad match you need to go back and try an exact match and see how many searches are really do for your key phrase.
Also look who is above you. Depending on the niche/keyword almost all of the searchers will find what they want in the top 3 spots. While #6 sounds good anything outside the top 5 is fighting for scraps.
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