iron-ore drag, page-8

2 things you have to consider that puts my mind at ease anyway.

China needs heaps of ore for future development and does not want to pay top dollar for their resources so they will invest in mid tier miners. Hence seeing they have already invested a heap in the Midwest, they should follow up with further JV additions and an INF to move the area into production. Seems logical to me.

The other important thing you need to remember if China announces INF go ahead tomorrow (theoretical speaking) it will still take them approx 2 years to get it in place hence by then the GFC should be in reverse mode and China will definitely be ramping up again, perfect time for PDY seeing it will take us that long to get to production give or take 6 months.

So it does not matter what analysts say as a developing country with money may slow for a little while for financial benefit but will not stop and iventually will move into gear again.

Kind Regards
Bobby