can't argue it is a bonkers market right now. if chinese subsidising thier producers then that makes me even more certain prices arn't going below $100/t. not really interested what spin rio has to offer because it makes sense to pitch it low for them. It lowers expectations so they can 'out perform', it keeps the juniors struggling, it pacifies the customers because that is what they want to hear. there is no down side for rio. if they are right then they say we told you so and if they are wrong, then it is sorry we were wrong but look how much extra profit we have made!
LCG Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
