UP 5MTpa UP 13Ktpm from May rates or 22% UP & thats UP 46% from April rates too
A PER of 4.0 on my maths
FMG RIO BHP PER are all 9.00-12.00 double to triple MIN PER
How on earth with booming increased production can the market justify a low PER How on earth are those SHORT SELLERS not doing hari kiri with a samurai right now or their pit bosses not escorting them out the door with a police escort ?!
Its normally a PER of 15-25 when growth is escalated, even on their figures of 30MTpa for june thats double the markets assessments which are stuck in April figures of 15.6MTpa.
i guess as the SHORT SELLERS cant read, write, do primary school maths & burn other peoples money super & shares on credit loans at junk bond rates, they think they are untouchable.
guess what, no your not untouchable, you are busting your crddit limits & your banks AUM short sellers & soon pink slips for you all.
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