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Basically, when the chinese press specifically talk about removing its dependencies on Australian iron and ask its companies and financial institutions to help and investigate partnerships and full purchase of miners, and these will not be FMG, Rio or BHP, i believe it is a fair bet that the current situation might NOT persist in 2 or 3y times.

I do agree with you on volatiity and market fragility but wonder if a stake in a proven resources junior with African or Asian lease might be a better bet, medium to long term.

Of course, nothing will change next week or trimester


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