io price to share price ratio, page-52

http://www.theage.com.au/business/mining-and-resources/more-pain-ahead-for-iron-ore-miners-20120830-252ft.html

interesting and scary read


"Patersons shaved 25 per cent off their midterm price assumptions for iron ore spot prices to average price of $US111 per tonne for the financial year ending 2014.

Last week in Perth industry leaders, including Rio Tinto's Tom Albanese, flagged a price recovery might still be as far as six months away.

Patersons' Alex Passmore said a floor would likely still come, but it needed some time to kick in. Patersons last month downgraded their long term forecast to $US80."

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The Australian dollar iron ore price is probably worse than what it was during the GFC," he said. "Because in the GFC at least the Australian dollar fell to about 50 cents. "In a lot of ways there's more pressure on Australian iron ore miners now than there was during the height of global economic uncertainty during the GFC."