Heisenberg63 . That's fine your opinion. I have been an equipment supplier to the iron ore industry since early 70's and in the iron ore exploration -iron ore deals business for a few decades so I have witnessed the iron ore business almost from its inception in WA. It's been good to me and with my move into Guinea I expect more rewards. Having said that in my humble opinion this is not Chinese posturing - not a short term cycle - it's going to get brutal -it's real - so all my focus for now is GOLD in capital letters. I also have a track record - or so I am told- of usually being ahead of the curve so let's see in six months whether your belief that this is a short cycle is correct or I am correct.
Of course iron ore will recover - but it may be a long time between drinks. You can wait it out with the bulks whilst we all bank the $$ with gold. An average AISC of about $1200 -1500 oz selling for $3700 oz and plenty of that in Guinea too- beats iron ore and bauxite by a country mile. Best of luck -
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