gday to you all,bloomberg article below, page-4

paps100

yep, albanese says things like that, but it must be tempered with the reality that supply will try to meet demand, however the expectation is that supply will struggle given that infrastructure and labour is in short supply and many new wannabee miners will fail to get up and running due to ongoing world economic turmoil and infrastructure constraints.

the western economy is on its knees but china is predicted to keep growing at 9% pa and even if it doesnt the chinese say they have the reserve capacity to stimulate more and are prepared to over look potential inflation for the sake of growth.

also if ore prices start to dip too much the big miners are tipped to cut back on production to maintain healthy prices.

with all the current economic turmoil it will be interesting to see if the big 3 undertake the multi billion dollar expansion plans.

with all the uncertainty but mixed with continued chinese demand i guess $120/$150 pt ore prices are a reasonable prediction.

GBG with its chinese backed advanced start up project and secure infrastructure is in a sweet spot, unlike many other wannabee start up iron ore miners.

nearby examples of stugglers are MURCHISON and SINO who have their projects on hold.

also SUNDANCE in africa has a big question mark over its head as the chinese backers are going back into their dens to grapple with the daunting $5b thought of financing a 500km rail way thru dense jungle to a low grade ore deposit.