Yes they would need to in order to diversify -- out they could...

Yes they would need to in order to diversify -- out they could buy mining tenements and go prospecting. But all that costs money. I would think that the p/e ratios comparable to bhp and RIO will only come if and when they diversify. I get the impression some of the longs screaming about $13/sh don't get that and also don't get that the severely stripped back c1 costs are unsustainable. Eventually they will have to do maintenance and start digging again or developing new mines. Yes they will make money until then but it is all likely putting a curb on any major moves higher without spot leading it there.