Miners are horrendously capital intensive. Even though BHPs ...

Miners are horrendously capital intensive. Even though BHPs management seem to be good, it still takes tonnes of capital each year to sustain this business. At the end of the day, BHP is a price taker. Mining is cyclical, always has been from Day 1.
You can get very very rich buying mining stocks in a downturn when the share price tanks (history bears this out) but in my opinion you take way too much downside risk by buying mining stocks when times are good (history tends to show this is not a good time to load up on mining stocks).
For me, mining stocks are one of the greatest demonstrations of being fearful when others are greedy and be bloody greedy when other are fearful.
So in summary, times are too good to take the risk buying BHP but load up the truck when the inevitable cyclical downturn arrives. $BHP Group Ltd(BHP.AU)$ $Rio Tinto Ltd(RIO.AU)$ $Fortescue Ltd(FMG.AU)$