Looking at MC, if stays at 4c ceratinly will get back into ASX300 end March so the rerate will happen anyway IMO. If price rises towards 7.5c, well ASX200 might be in reach too so interesting times ahead. The next two quarterly key, especially if debt is further reduced significantly. Options are a bargain if things work out. Obviously not if iron ore price crashes, but price doesn't look like it will afall below US$65 so AGO will still be making money (but hoping price stays above US$80 per tonne, but can live with over US$70 per tonne for this years average). All IMO
AGO Price at posting:
4.7¢ Sentiment: None Disclosure: Held