Hi guys, My average price atm is $19.13. History shows that a...

Hi guys,

My average price atm is $19.13. History shows that a lot of blue chip stocks recover somewhat so being 10% down for me is not too concerning. A few years ago, I was 35% down on Newcrest Mining and managed to recover!

My post relates to BHP's policy of flooding the IO market to lower the price which theoretically makes it unfeasible for their smaller companies to continue operating in the future.

I haven't been checking many other companies who produce IO, but surely if BHP is getting hammered on share price due to falling resource prices even though it costs them the least out of anybody to mine, what on earth is happening to the lower cost producers prices!!! I don't think anyone is suggesting BHP is going to go bankrupt, but many companies like Atlas Iron could?

Surely if these little companies go bankrupt and there's less competition, BHP, RIO and maybe FMG will have a basic monopoly on IO in Australia. Wouldn't this be good for these 3?

So, are ALL iron ore miners getting hammered atm, or do you think BHP is the flavour of the month to hammer down?