The Australian opines that "China is attempting to increase the efficiency and price-setting power of its steel mills".It also points out that "infrastructure-based stimulus..still dominated industry".Of course,we all would want the Chinese Government to 'help' with the Gladstone mill:speed up the process etc. It is worth noting that "for China's steel industry a key driver is low profit margins of about 6 per cent".These 'low profit margin' expectations may be significant in the unfolding Boulder story:other perspective partners may not concur with this approach. All highly speculative:we don't even know if the Chinese are genuinely interesting in the project! Expect the SP to remain anchored to the 0.10 level until some real development.
God Luck to all.
BGD Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
