The Iron Ore price now has been correctly affected by simple Demand and Supply.
The only manipulation is from company's ignoring Demand/Supply and increasing supply like there was no tomorrow.Tomorrow is here and most of the small high cost producers are gone (or will be)
I liked the GBG story 8-9 years ago as it went through its investment/infrastructure buiding stages and then into production. I woke from my dream , when i realised the simple truth.
BHP could simply increase their annual production by a rate which was greater than GBG's planned maximum production.
The Chinese will eventually own a NEW GBG version if they continue to be kind enough to invest in this white elephant. US little investors should have taken the losses already or now waiting for final nail in the coffin.
