supply can't be turned on and off like a tap hipopp, using the iron ore analogy how do you explain the price rises when there are billions of tonnes in the ground? there is a supply-demand deficit because of chronic underinvestment over a long period...when new supply comes online it will alleviate the problem somewhat but meantime demand continues to grow.
MAK is well placed to be an early bird filling that demand, latecomers to the party may still benefit but the risk will be higher (much like IO companies with low grade resources). It really isn't that complicated.
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