22 IO Projects Dead - Surplus Coming, page-3

It seems people are trying to redefine the iron ore price by pinpointing when there will be another shortage.

If any company relies on a shortage their success will be short lived, especially when it comes to bulk commodities like iron ore. The iron ore prices is decided by the lowest cost producers not by surplus capacity.
BHP will have profit growth by increasing supply and talking market share away from high cost producers.