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6.45% 3.3¢ strike resources limited

rio and bhp joint venture is good news for srk

  1. observer1
    372 Posts.
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    05/06/09
    12:53
    Post #: 5247583
    Now that RIO and BHP are joining forces in Aust with their iron ore deposits - I reckon the Chinese will now look to other suppliers/countries for their long term iron ore needs. Where better than SRK's peru iron ore with one of the lowest cost structure. Bring on the Chinese yuan (or should that be US$ because they hold stacks of it now)!!!
    SRK Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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