Redrock,
What amount do you estimate that BHP/RIO are foregoing in earnings with the IOP @ less than $50.00mt
RIO derives over 90.00% of earnings from IO and BHP over 60.00%
By how mych will their earnings drop this financial year and going forward, 70,00%, more???
I read that RIO may need to borrow to maintain dividends?
Your view??
I suppose based on your post, that you believe as they still profitable, everything is still rosy for Sam & Andrew M and their shareholders are ecstatic and grateful that ramping up supply is in their best interests
Iron Ore Price, page-1580
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