Does A 20% Pop In The Iron Ore Price Make BHP Billiton plc A Buy?

BHP Billiton (LSE: BLT) is in theory a diversified mining giant, but in practice its currently hugely reliant on iron ore for its profits. So higher prices must be good news, right? Well yes, but…

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.