63.5% fe gained $1 to $122-124 per tonne, page-30

Redrockgeo
I am not name calling, just stating this obvious,
you down ramp AGO. I don't think your dishonest like RS but
you are being clever just like what you accuse the company
of being.
I don't agree with you with regard to cost coming down
as they get bigger. You only have to look at the bigger miners to appreciate this.
According to the company the cost will becoming down as per March quarterly. The admin cost will fall from 7/t to 3/t this year only.

The point I would make to you is that the cash flow statement based on the first half of last year is meaningless in relation to what we are earning now and what will earn.
Further more if the Iron Ore price were to tank again IMO it would be offset by the fall in the Australian Dollar simply because the rest of the country is in such bad shape.