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Who will be the first to benefit when ore turns, page-30

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guennadi

1,118 Posts.

28/11/14

10:41

Post #: 14370272
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Originally posted by Barkston ↑

Analyst long term consensus price for iron ore over the last couple of years has been 70-80/t.

Rio and BHP are behaving perfectly rational in a competive market, why would they expand when they can still make around 50% margins rather then let someone else eat their lunch

its a poor argument to make they they are trying to drive out the high cost producers to then push prices higher - the same high cost producers would back onto the market at this point if this argument held.

People have short memories that the iron ore price around 10 years ago was only 20/t - and rio had healthy margins and could expand at those levels.

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10 years ago was only 20/t .10 years ago 20$ was 20$. Now price must be 1 kilogram $

BHP Price at posting: $30.75 Sentiment: None Disclosure: Not Held

MGX Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held

RIO Price at posting: $57.94 Sentiment: None Disclosure: Not Held

AGO Price at posting: 18.0¢ Sentiment: None Disclosure: Held

GBG Price at posting: 2.5¢ Sentiment: None Disclosure: Held
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