new forecast, page-33

Hi Squidd.

I was not saying they would disappear, I was saying they would be in trouble and most probably cutting back on mining because of having to conserve cash like SDL is having to do.
They would really struggle at those prices.
How do FMG own the Infrastructure until they pay back Debt?
If FMG could not pay back debt on their infrastructure building, the company loaning them the cash could ask for the debt to be re-payed or hand over Infrastructure if that is how they would prefer to be payed back.

It does not alter the fact that Vale and FMG would really struggle to supply China at those prices.
You did not talk about China, but who do BHP, RIO, Vale and FMG export just about all their Iron Ore to? China. You did not need to say China.

Near the end of last year FMG was cutting staff and other things because of the Iron Ore prices in force at that time, it was in the $70's to $80 I believe. Others were cutting back on cost's as well. What will they do in the $50 to $60's price range?

Regards
Westcott.