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microcaps1

Re: balihi post# 32127

Saturday, 03/05/2011 7:55:36 PM

Saturday, March 05, 2011 7:55:36 PM

Post# of 91121
Iron was ca $28/ton 7-7 1/2 years ago. Its now ca 650% higher,which is why there are 50% net profit margins. So the price of iron has gone up much more than the price of oil. Thus, this increase in the price of oil should not have that much impact.
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