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Boy oh boy.....For most of us playing the smaller end of the resource sector, I don't think it will matter whether a bid succeeds or not. Just the fear of any tie ups between Rio / BHP / CVRD, either now or in the future, will likely see the Chinese / Japanese take steps to shore up their supply of commodities so they are not dictated to by just one or two mega suppliers....i.e. deals with, or takovers of our mid-sized miners.
Looks good for our smaller iron ore companies in particular......
Opinions anyone??
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