I give you an example of where i'm comming from here, take the Pilbara Iron Ore - The central hub of Newman has high quality iron ore mined by the likes of BHP & Rio with grades of +60%
The smaller miners some have made it however thier grades are less than 60% and will need to do a stress test to see if the are profitable should the iron ore price fall and customers are buying the high grade stuff at a cheaper price than a few years ago.
Quality counts in a poor market.
share price should exceed ceos, page-7
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