Thanks kate. Had a couple goes today for a few pips, not my luck.
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At 70, BHP won't have too much of a money maybe$1-2/t
So now that we know VALE' cost delivered to china's are higher than FMG' and they lost a cool $Bil last 1/4 what is there plan of action now ? Keep losing ?
What about FMG ?
This price cant last much longer, or can it ?
Chinese traders tip iron ore to hit $US70, page-12
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