are the mining yet, page-11

True PC40 but if the world goes into recession we will be hammered even further. Most are already down grading iron ore and coal contracts for next year. Firstly it was thought a 20% increase for IO. Then 10%. Now a few are saying we could be pushed back as far as $40-50 per ton if the world goes belly up. Not down ramping as I've got to many (now it seems) at just over $2. No way I'm buying until we know what's going on. May miss the low but if IO gets that low AGO maybe lucky to get back to $2 by end of next year.

Only my ramblings.