io price forecasts going forward

Something I came across on another thread (AGO);

http://metalexpertresearch.com/research/en/global_iron_ore_price_forecast_%28april_2013%291.html?OpenDocument

It would be nice if the company could get into production in 2014 to take advantage of prices while they were above $100p/t.

If you use the consensus forecast of $120p/t in 2014, an OPEX of $50p/t and a production level of 500,000t/pa you come up with a profit of $35m. At a production level of 1mtp/a, the profit would be $70m. The pace at which the company can expand production is critical to how quickly the share price can recover.

We wait for the Scoping Study.