Comments on: Resource Boom Deals: CVRD Targets Xstrata, Sinosteel Bids For MidWest http://www.dailyreckoning.com.au/resource-boom-deals/2007/12/10/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/resource-boom-deals/2007/12/10/comment-page-1/#comment-5473 Coffee Addict Tue, 11 Dec 2007 00:28:39 +0000 http://www.dailyreckoning.com.au/resource-boom-deals/2007/12/10/#comment-5473 The world's population explosion, particularly in South Asia will continue to underwrite resource stocks. The current population of 6.3 Billion will increase to just under 9 billion by 2050. Not withstanding periods of sharp recession and stagflation long term demand for resources will inevitably rise. Large mining companies like Rio Tinto would factor all of this in when considering the value of current and future operations. By the way, Greg Canavan was correct about the wheat crop failure some months ago. I was wrong. Have fun at the Ball. The world's population explosion, particularly in South Asia will continue to underwrite resource stocks. The current population of 6.3 Billion will increase to just under 9 billion by 2050. Not withstanding periods of sharp recession and stagflation long term demand for resources will inevitably rise. Large mining companies like Rio Tinto would factor all of this in when considering the value of current and future operations.

By the way, Greg Canavan was correct about the wheat crop failure some months ago. I was wrong. Have fun at the Ball.

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