interesting ta for ago, page-20

Obviously the main concern whether it be the Ukraine, the Chinese PMI or the US Fed tapering is all related to fear that the Iron Ore traders in China stop buying so much and the price drops!

Using today's IO price, according to the companies figures
AGO is making $31.17/wmt AUD
After depreciation & Amortisation they are making
$11.17/wmt AUD

If the IO price drops another $11.17 Australian and stays that way then AGO with out a really good rail deal is out of business!

This is why the market takes such a dim view of the falling IO price with regard to "AGO".