where is io heading short term, page-7

You can't complain to much there still getting $127 aud a tonne. Which makes fmg very profitable. Way better to focus on costs paying down debt than waste money on expansion. Unless your crazy like rio. Forward estimate if they increase there output by the 70 mil tonnes price will be down to where they would be making the same on todays output as they will on the tonnage increase. Economically spending the billion on output increases for little or no economic gain doesn't say much about the direction of rio's board.