Dont think BHP will be rushing soon to buy all these junior Iron ore companies.
BHP will wait for the market to bottom (what all business is doing right now). And when the market turns around they will pounce and cherry pick the best of the best. BHP will not risk buying out minnows right now imo...
I am just hoping when that time arrives RIO and other giants will also bid for the minnows. That would be an amazing auction to watch...