BHP and RIO r the winners then. However in FMG's defence, do you really think that Vale5's BE is 39?
I would not trust the Brazilian Government and Vale accounts of that as would I not trust the Arrgentinian Junta but only IMHO pls DYOR. Vale5 is a rip roaring buy if anyone sseriously believed their figurres. Perhaps the US banks think Vale5 is OK, I think they think they r llending to the Brazilian Government when lending to Vale5.
Also Roy Hill and Gina's piece has not shot out any Fe in anger, not yet at any rate.
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