Who will be the first to benefit when ore turns, page-20

  1. peteai
    3,823 Posts.
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    26/11/14
    17:05
    Post #: 14358459
    Is the Goal of BHP and RIO to drive out the high cost iron ore miners, the bulk of which are chinese ?

    If that is the case, is it possible the Chinese govt is very happy to play that game.

    i.e costs a bit to prop up some chinese miners - but China gets ore at $70 rather than $130
    AGO Price at posting: 19.5¢ Sentiment: None Disclosure: Unspecified
    GBG Price at posting: 2.5¢ Sentiment: None Disclosure: Unspecified
    RIO Price at posting: $58.39 Sentiment: None Disclosure: Unspecified
    BHP Price at posting: $32.53 Sentiment: None Disclosure: Not Held
    MGX Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
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