aud to hit $ us85c, page-23

http://www.chinascopefinancial.com/en/news/post/26388.html

If the chinese steel industry are making profits at that level, why wouldn't they keep increasing demand for raw materials?

The average iron ore miner in China is trading at near 1 year highs, nowhere near the levels they plumbed to in sep 2012; and at earnings multiples of 6 to 20. Contrast that to Australia...

There's a reason why all the money is heading that way and Australians are neck deep in debt.