With a longer term view and obviously with exception to the short term havoc of job losses etc, we shouldn't be scared to see projects failing - It makes the industry more competitive - lowers the cost base that the miners continue to complain about and who knows might even create a healthy bout of consolidation that delivers the ultimate outcome.
For example - Capital is scarce, why would Hancock build its own rail when its a short spur from FMG?
When prices are high its all about EGO! This clean out is good (apart from those job losses etc) and will create a better environment for all Pilbara players.
With a longer term view and obviously with exception to the...
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$22.41 |
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Mkt cap ! $68.99B | |||
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