+ $4 on the cards, page-6

It's quite simple really

When the new low cost production is online the FMGs costs will be I the lowest 25% of producers

So regardless of the price a lot of companies will go broke while they make a profit

As others go broke supply reduces and prices go up again

If all goes to plan by Dec FMG will be bullet proof in terms of surviving

It has taken on a lot of debt to get there fast. Debt scares investors
Current prices and sale of part of the railway reduces debt very fast which is their stated goal

Hold on till Dec.

Only disappointment is in Dec we won't get our daily does of comedy from loobs. I'll cope