it is not great for FMG and RIO either. No iron ore producer wins out of this debacle.
it is a bit like U3O8.
BHP will have to go down from $33.05 to 66 cents to do an ERA who went from $20 to now 24.5 cents but when the rot sets in, anything is possible?
hopefully the green groups and indigenous folk will not get and destroy or take over iron ore, otherwise it might end up like uranium, stuck in the ground with no way out except by Government dictat.
News: BHP UPDATE 1-FTSE 100 falls on fresh global growth worries; lift-off for easyJet, page-28
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