Perhaps it's human nature to expect the worst - especially after...

Perhaps it's human nature to expect the worst - especially after the past few years - but nothing has fundamentally altered for humanity... the price of IO is likely to continue doing what it has done over the past decade, rising and falling as sentiment and politics and the business environment alters or reacts to events.... IO is essential for human development and wealth creation and humanity is not likely to suddenly stop building, creating and developing.
As to this Simandou nonsense, which comes up from time to time - Take a look at the map. The mine is in an inaccessible part of a difficult part of the world. There are no roads to speak of, no rail lines, no port infrastructure for loading, no heavy equipment manufacturers or agents, no suppliers of mining equipment, no-one to service equipment, no financial infrastructure, no reliable judicial system, no schools or housing for staff and no trained staff either. It is no threat to FMG at all, it will not be a productive mine in this century, imo.