Roh....forever the optimist...Iron ore and coal prices are...

Roh....forever the optimist...

Iron ore and coal prices are getting smashed. The BDI is at breaking point around 700, growth in China has also been smashed off its highs...any red flags yet?..
New copper projects coming on line and the International Copper Study Group has predicted supply will meet demand starting next year. If we get a worldwide slowdown which seems likely copper supply could easily exceed demand.

However CDU's relatively low cost of production will help it survive until at least it starts the low grade. The big questions are what will the share price be then? what will the AU POC be then....What will the market price CDU going forward? Is Conix still thinking $100 share?
Where have all those serial rampers gone....sold maybe?
Our commodities prices have taken a large hit lately but our dollar has remains high. Thats not quite how many economists thought it would unfold...

Any developing project in Australia including CDU has certainly missed the boat as far as peak prices and demand goes...but then I did predict that a long time ago...