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Well sassa , the demand side for our ore has only just started to blossom , many believe we are midstream , but at present the above ground stockpiles are spoken for months in advance , that means every pile of ore at a mine you can see ready for carting , is already sold and it's owner is awaiting its arrival . This has been the case for over a year now , which has led many mining companies into expansion projects . The globes largest importer of ores has fallen to the wayside and lost its place to China , which is on a major infrastucture revamp and rebuild . This will take at least another couple of decades as the great Chinese modernization starts to head inland away from the coastal regions . I haven't seen one analyst put this into their calculations , but if they were to start reading the Chinese papers , it is obvious the collective has their sights set on moving goods across China , making it a super exporter , servicing the needs of Asia .
Now there's the reasoning , but take heed at the rising rhetoric coming out of the USA , these are discomfort signals , and they are struggling with the fact that the slow long route China has taken is succeeding . The good part for us is that the journey is continuing , this can only semaphore a further rise in our dirt miners . The time frame for the All Ords rise depends on the market , but at a rough guess , and unless the next Big Kev stuffs it up , I'd say we'd see 7300-7500 by 2009 .
PS.. I also have the AUD surpassing the peaks we last saw when the Americas Cup was battled for off Fremantle , then it hit 1.20 , I expect that to be left behind by 20 pips at least !
Now there's the reasoning , but take heed at the rising rhetoric coming out of the USA , these are discomfort signals , and they are struggling with the fact that the slow long route China has taken is succeeding . The good part for us is that the journey is continuing , this can only semaphore a further rise in our dirt miners . The time frame for the All Ords rise depends on the market , but at a rough guess , and unless the next Big Kev stuffs it up , I'd say we'd see 7300-7500 by 2009 .
PS.. I also have the AUD surpassing the peaks we last saw when the Americas Cup was battled for off Fremantle , then it hit 1.20 , I expect that to be left behind by 20 pips at least !