manxman you are on the money sure they are all ramping up, but it doesn't mean they will supply it all forever at full capacity. say margins for rio/bhp are $60, why would you increase production say 20% if it resulted in a 50% reduction in margin? It is why the analysts write stories, and the miners write history. I'm not in AGO (although i like it) however have the majority of my exposure in other IO miners for various reasons. i'm bullish on the whole sector, and up until last week, all IO producers were in "cream" territory when the spot was over $130. AUD drops, still creaming it.
AGO Price at posting:
96.2¢ Sentiment: LT Buy Disclosure: Not Held
