Will higher cost producers now be squeezed out to help stop the commodity price freefall? Will some operations be halted or mothballed? Probably yes, to some extent, but on the demand side a good deal depends on how much you believe what you hear from and about China.
[Edit: Cliff's Canadian operations may be the first in line to go...]
FMG Capital Structure
Cash Flow Profile
After all, if the greatest ever share market investor Buffett can do half his stash investing in apparently rock solid Tesco, the supermarket chain which had been increasing its earnings relentlessly for a couple of decades, how robust can the picks of the average investor be, really?