At $16 it would have a market cap of $52b. In 2001 when it merged with Billiton the combined group had a market cap of $57b. You don't expand Iron ore production to 240mtpa by 2012 then to 300m+tpa by 2015 unless you have done your research. And given that this is all they do I suspect they might have a better idea about long term global commodities demand than the posters on HC predicting $16. Charts are one thing but a cash machine in a hyper inflationary environment is another. First leg of the commodities boom just corrected. Either you'll be drinking Mohito's on the beach of Puhket in 5 - 10 years or you'll still be staring at your LCD.
tuesday trading, page-54
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$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B | |||
| Open | High | Low | Value | Volume |
| $44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $44.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.58 | 8261 | 1 |
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