weak china steel demand will continue! , page-26

so what you are saying is that bhp all in costs including capex and interest are $50.so the actual production costs are a lot less than fmg anyway.ok,it might look like fmg are cheap on forecast P/e"s,at this price,but the share price will only take off if the IO price recovers.even with the best case scenario,if china"s demand stays on track,you have a frenzy of supply going on rather than exploratory because it"s the last throw of the dice for these companies to make a profit.
another problem is that china is a "basketcase" at the moment and not the saviour to all your financial woes.reports from respected visitors have stated that half finished abandoned monoliths are abundant everywhere,a testament to the old and dated"investment" syndrome.
are there easier ways to make money than persevering with the nonsense about fmg.the answer to that is a "no brainer"
thanks for reading
cheers crazypunter