jamesdenis,
Based on your comments one should then also question why people are now paying over $140 a tonne for iron ore when not to long ago it was $90 or why some people are paying $70 for CBA when after the GFC is was around $26.
We could also ask why people are only willing to pay 9c for SDL now, after it was 66.5 in january 2011. So what?
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