MP,if BHP goes down this road of attrition, then only RIO would be left standing. BHP's cost is far higher and they sell their ore last year for less than what FMG sold theirs for. BHP did say they would aspire to bring down their C1 cost to compete with RIO. How do you manage suddenly to bring your C1 cost down when for years you are not able to. It is all part of a psychological strategy.
AGO Price at posting:
22.5¢ Sentiment: None Disclosure: Unspecified
BCI Price at posting:
84.0¢ Sentiment: None Disclosure: Unspecified
MGX Price at posting:
43.0¢ Sentiment: None Disclosure: Unspecified
FMG Price at posting:
$3.03 Sentiment: Buy Disclosure: Held
