price target of 12 after profits fall, page-35

I still hope bhp has huge upside but fundamentals have changed and much of this resource boom has been fueled by (lack of exploration and production capacity).

Do you think that world developing economies might be better prepared now so they dont need to rely on australia. Brazil has massive amounts of iron ore. China has massive amounts of coal and to my understanding is placing a ban on coal exports. Mongolia is very mineral rich country.

China is investing 20 billion per year in africa also copper nickel zinc prices are so low bhp has to shut its Ravensthorp nickel plant, along with MRE and the whole of (norilsk nickel operations $6 billion)is closing. Manny copper operations in chile are closing. What dont you get about this, its a global recession, this is not a slowdown.
My views do change as I gather data, if you have a problem with changing your views maybe thats why you are loosing money.

There has been an incease of production capacity and growth in demand over 3yrs, but the global recession has seen end user production decline and because this recession is global it will stall development in india china and vietnam korea and phillipines which is too corupt touch.

BHP long term growth relies on a developing economies and that growth will stall in a recession.