Regarding ramp up in costs. Looks self limiting some companies ie CRE MON closing up shop. Frees up workers who probably have huge mortgages in Perth etc. Looks like further industry cost ramp ups would simply just push more companies into administration. So we may have hit a relative high point in cost of contractors, employees wages etc. These mining players have had things good, but via banks have been given enough rope to hang themselves, and may very well become price-takers over the next couple of years.
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
