Thanks for posting denitoooo, I enjoyed reading that report too.
One paragraph I liked under the outlook for iron ore tag -
"Fines differentials to the 62% index for the 65% and 58% indexes widened considerably half–on–half following the improved average steel margin (higher premiums for higher grade, larger discounts for lower grade)."
BHP are doing all they can to lift their fe rate. High grade ore will be the hedge against newcomers from places like West Africa and increased production from Brazil. It's my bet that serious investors in the IO business are already scouring the globe for high grade IO deposits. The closer we get to closing a deal for capex, the more exciting this company's prospects will be.
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Thanks for posting denitoooo, I enjoyed reading that report...
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