Sure Vale or BHP, easy tack on for BHP, Good position for Vale, No chance for FMG, They dont need us and frankly they cant afford us ATM.
My gut however says
Have a look at what has happened over at MGX, Whats te number one priority of a steel mill in a period whereby I.O price pressure risk is to the upside?
Lock up supply, Forget the Capex of building a haulage network, Never have to deal with a producer again.
AGO Price at posting:
$3.67 Sentiment: Hold Disclosure: Held
