upbeat presentation from jones, page-3

Hi Narla,
thanks for sharing that info and excuse me if I have misunderstood what GJ had said.

A wide gap seems to be emerging between analysts and company execs predictions of China's IO demand. As usual, I suppose the truth will lie somewhere in the murky middle.

I am surprised that he dismissed the comments from Baosteel considering "steelmaking is their business", and his is "iron ore".
I can't help but wonder what he might say if Ansteel came out and echoed the comments of Baosteel?

Those Chinese cash reserves came from exports so any slowdown there could only be sustainable for a finite time if they are spending reserves on internal infrastructure expansion. Exports will slow to virtually "all countries" not just the US.

BHP, Vale and RIO's plans to massively increase production must surely have an impact on IO prices if a global recession does eventuate lasting longer than a year or two.

The overall saving grace for GBG that I always return to is the fact that Ansteel won't be able to purchase IO any cheaper unless they dig it up 100% themselves from their own mines, or else buy GBG out. This is the golden lining for GBG that makes it hard for Ansteel to walk away.