over sold, page-46

Wealthcrea8or
Wah Nam as it stated has not made a profit for awhile .
BRM has yet to finalise its projects and has Rail problems .
Coal remains hot Iron ore remains hot copper remains hot and gold remains hot thats a fair chunk of the industry says Tim Goldsmith global mining leader at PwC.
The world continues to underestimate demand and the world continues to overestimate supply .Goldsmith says A reversion back to low commodity prices in a couple of years time is unlikely to occur .I see no reason why prices shouldn't stay high.
That view is shared by one of the world,s better known economist Jeremy Grantham.
Remember the Chinese investment strategy is very long term .
The world also uses a billion tonne of iron ore a year at the moment .When India fires up that will increase .
I read some were that the current world reserves of iron ore will last 65 years .
With all this data out there EIO with its yet to be proofed 2.5 billion tonnes and all the infrastructure in place unlike many others makes for interesting times .
GET THOSE RIGS MOVING