fate of fortescue

This company will end up in chinese hands and I will tell you how. Forest will stay while iron ore is hot, as the price cools over the next five years he will sell out his share as a direct trade to the chinese. This will give the chinese a lot of control. There will be some hangers on as the price of iron keeps falling, the wishful thinkers will loose millions. I judge by the price increase of bhp iron ore, which is very high grade and only a 17% increase in contract price, this a a red flag of the beginning of the end for bullish iron.
In five years fortescue will be in chinese hands at a discount, there will be a fire sale on manny iron ore stocks. I thinkeven some chinese producers will get burnt.
If you was to mine .3% coppper it would not be profitable even with these high prices and the same goes for iron ore just because prices are reasonalby good doesnt mean all mines will be profitable. I would honestly sell at this current price and not be too greedy.