Let's forget about the gold. The money will not be there. Once investors stop looking for safety heavens the gold price is expected to come down to something between $1,100.00 and $1,200.00 per ounce and to bring a mine into production will require 5 years or more and lots of money.
Instead, let's compare the steel intensity in Japan (tones per head) with that of China and India and it will become obvious that there will be a very strong demand for iron ore for years to come.
who owns mt bevan?, page-10
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