Maybe I can answer with a recent quote from the head of Rio...if you don't like it take it up with him...I happen to believe it, it is why I am in this business as I have been all my working life.... goes something like...
"In the next 5 years China will consume more iron ore than Australia has exported in it's history".
Makes you think doesn't it? Amazing the head of a major has come out and said it....they are normally very conservative. I also believe his view is correct.
DYOR though,
Cheers, Tony,
PLV Price at posting:
47.7¢ Sentiment: LT Buy Disclosure: Held
