nobull---i note your spin on this,i do not share your...

nobull---i note your spin on this,i do not share your outlook.

the majors will look to gain as much market share as possible,costs are a factor for everyone and given the enormous amount of capital required to start production and then maintain it against inflationary trends etc i think it would be reasonable to say he who makes profit can afford to buy any potential producer.

meanwhile absorbing as much demand as possible with supply it leaves very little market share for hopefuls .

in saying all that i believe FMS have an excellent opportunity given the grades and no need for benefication leaving a higher value product for export with good proximity
to port and excellent proximity to asia on a cost basis , that is not shared by many other hopefuls.

the only way forward is to expand i/o is a prerequisite for
those manufacturing economies .

keynesian economics ,the laws of supply and demand are not the discussion, absorbing demand is