OK.
FMG are in great shape, without a doubt they will position themselves at the bottom of the cost curve below US$35/tonne. They were spot on in saying the IOP could go below the cost of Chinese domestic production. Their strategy of "as much as possible, as soon as possible" had absolutely no effect on market supply / demand dynamics - in fact, if anything, breaking the duopoly was a smart and shrewed move. Boasting about ramping up to 355mtpa was in no way a threat or challenge to BHP or RIO, and BHP and RIO were really stupid to ramp up supply. Instead, they should have just accepted Twiggy's dominance, and taken subordinate positions as #2 and #3 in the Pilbara.
And boy, did they ever open up the Pilbara to stranded deposits with their open access, fixed tariff/tonne infrastructure.
Now, wake up to yourself and stop posting such neo-Marxist rubbish.
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