IMO the 08 profits will be better than expected, Question when did the mining boom begin to show major cracks, October 08. In september 08 I can recall the difficulty in getting accomodation in the Pilbara due to the ongoing boom.
So IMO 08 had at least 9 Months of strong mining earnings for the company. 2009 - 2010 will be a tuff year but as long as the Co positions it's self to survive the down turn, reduce costs which it has then we should see the next cycle.
BLY Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held
