That's an incredible assertion when you consider the fact that cashflow generated from operations was USD$10 per share, or almost AUD$15 per share last year. That was before the latest iron ore price rises came into effect, most of which flows straight to the botton line.
They were making 1.5b USD a month in the early months of this year, again without including the full effects of the iron ore price rises. That's already $20 per share at an annualised rate.
Now it may well fall to $20 but I will believe it when I see it.
possibly under 50 dollars next week, page-3
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