iron ore news, page-28

Dear All,

Goldman Sachs is scum of the earth! Their commentary is as empirical as me writing 'I believe the I/O price will matain at current levels for the nest 2-3 years on the back of the steel needs principally in China and India. On that basis I anticipate that companies such as RIO, FMG and AGO will all continue to make good margins over this period. Of course, events can transpire where margins are cut and pressure on demand arise, so continuing ownership is not without risk.'

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