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littlefish

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littlefish

Re: gilead23 post# 89008

Sunday, 12/02/2007 3:51:49 PM

Sunday, December 02, 2007 3:51:49 PM

Post# of 173851
Giled, mining report: I would note specifically that the mining activity going on in Australia right now does not have a whole lot of capacity coming online in it yet (reflecting what is coming but is not yet here). Much of the WA iron ore projects are not scheduled to go into production until 2008-2010.
That's one reason iron ore prices will likely surge again this next year when priced cuz little of the mining activity has come online yet. FMG, one of the most aggressive at trying to expand, isn't set to ship any iron ore until May 2008! So none of their potential production will show in the mining update IMO. And they're the 4th largest iron ore company in the world by market cap I believe (behind the big 3).

I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog


"We didn't build this company on the sniff of an oily rag."
-Anonymous

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