http://www.smh.com.au/business/mini...re-battle-with-rio-tinto-20141006-10qp9e.html
"BHP believes it can produce iron ore, before the cost of shipping and government royalties, for less than $US20 per tonne"
More and more market flooding by big producers to hold price down. IMHO it is extremely hard to get into IO market.
Ann: Company Presentation - RIU Melbourne Resources Round Up, page-5
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