shorts, page-26

Hi M.Star

I reckon what we will see over the coming months is Atlas' SP slowly creeping up from here to mid year as the capex drops off significantly in FY14. A huge re-rating will take effect after June in-line with stable IO price, Low AU $ and cut back in capex.

$1.50 at around that point in time seems reasonable, As long as the AU$ sits below 0.90c, IO holds above US$100

You can feel the change in the air toward miners in OZ all thanks to the currency.

Its been a 3yr down trend, Let's not forget CITI' gone bullish for the first time in 3yrs.