Ann: Financial Update, page-121

Thanks @Nimba, I don't worry what the uprampers say, I am quite used to it. I am deeply involved in IO and my interest in AGO is of no major importance to me. What puzzles me is how MIN is going to extract value out of AGO iron ore. At current IO prices it appears to be impossible. Overnight iron ore (62%Fe) lost 3.7% on DCE, week losses add up to over 6%.
Vale is mothballing mines producing 58%Fe ore.
IO price may recover, the chance is less than 50% as traded on the Futures markets.