latest brr interview, page-5

Heh MM

"Supply will without doubt exceed demand within 2 years"

If you really believe this then I think you should dump BRM regardless of a rail deal. The project won't have a 2 year payback, and if extra demand for fe will vanish in 2 years then BRM will be stuck with a huge debt and a giant white elephant project regardless of how many rail agreements it has. They will have sold about 1mt of their 1 billion tonnes.

Suggest anyone in FMG get out too as it will likely be worthless as well. BHRIO will have sewn it all up by then.

Of course some of us are bold enough to believe that Fe demand will continue to grow in the long term. We could of course all be fools... with myself chief amongst them.