Hi bp,
i may be wrong but i never recall citi or any of the other big banks ever have anything positive on fmg for obvious reasons.
the big joke in that story is the $15 profit gap, i actually laughed out loud.
if that was the case that would imply bhp made $4.4 billion in iron ore and fmg $320mil using fy15 metrics, they barely made $2 bil on all 4 pillars.
These banks and their buddy's in the media should be jailed.
Hope the chinese go for the big US banks in there crackdown, ie. gs, citi, etc
Iron Ore Price, page-1759
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