Some great posts in here. I have read numerous times and have...

Some great posts in here.
I have read numerous times and have enquired with an acquaintance in Peking and the concern foremost for the CCP is the demography.
They fully intend to stimulate, but in variable ways he explained to me.
Chinese bank on the family going forward, especially the males. Education, housing, finance and family blood line.
By 2100 because of the 1 child policy its demographics and or population threshold will be 750 million from the now population of 1.4B.
That's catastrophic by any measure. So excess properties or coined Ghost cities is perfect for the Gov to stimulate its society with breed, you get a discounted housing for the future and start minimising the less fortunate which will win over a demoralised society.
65% of US held debt covenants be it TBills, Gov debt, Corp debt has been sold on by the Chinese Gov so they are swimming in foreign currency.
China is being billed as the basket case of the world and im not so sure of it after quite a lot of investigating.
Stock piling may be deemed as healthy for an oncoming stimulus at some stage and pushing down prices is a good balance of the book when they want to redirect capital into their societies.
I agree with sentiments in the room, $80 would be a good base to work on and it would be squeezing a lot of players out to pasture as their C1 costs would be in excess of $55 PT plus, that's working in the dirt, then you have all the other costs involved.
Either way, I love everything about BHP with its diversification and if things get worse and they may or may not, BHP would be a net buyer of shovel ready anything....because they can....
The Chinese verb which I found out is not so Chinese of "MAY YOU LIVE IN INTERESTING TIMES" is quite poignant for us BHP holders.