Sunday, August 17, 2014 4:15:43 AM
and FMG- fortescue-had margin costs of ca 100 also - which is why they yelled the loudest re the new may 2012 30% australian export tax -so these are the average cost prices for the co's
remember a bank in a recent article i posted said 1/3 of chinese production is at a loss at these iron prices so big three are hoping to shut down domestic chinese iron pro to gain larger market share at expense of price
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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