David25, you may be right if there is actual demand decrease and then any effort by currency deprecation would not benefit much. But demand is there, world want to use iron ore. Margin is getting lower for every miner in the world not only for Australian mines. My opinion, High cost mining have already gone , market would know gradually, bci and ago are very cost conscious, they would survive very well , and coming spike in iron ore would simply double their profits
Ifdavid25 you think end of world is in next three months ,then i advise you don't buy bci. But i think world would survive for many years to come so i would keep holding it until i would sell it at 2 +$ .
FMG Price at posting:
$2.50 Sentiment: None Disclosure: Not Held
BCI Price at posting:
42.0¢ Sentiment: None Disclosure: Held
