BHP $19 dollars aussie here we come..., page-204

We've all heard that BHP and RIO strategy is to eliminate their competition by sending them to the wall. But when you stop and think about it, the current capital value of most of the iron ore miners in Australia is simply pocket change for BHP and RIO. If it was really their intention to put them out of business, you'd think they would simply buy them out at this stage. And sure, that would still leave FMG and VALE, but it would at least put somewhat of a brake on a hemorrhaging IO price. One can only wonder how many Chinese IO miners there are and whether BHP and RIO want to drive all of them to the wall too. But considering how well subsidised they are, one would think that it would be an impossible task to get rid of them all.