VMS looking up - AUS dollar likely to drop, page-2

  1. 1,657 Posts.
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    Iron ore up over 1 per cent to $US97.90 per tonne. The BFS was done at $105 with an exchange rate of 90c but at those figures the profit estimate was huge so there is some leeway there. Wondering what management are considering as the acceptable target figures for moving to development.

    There must be a lot of pressure from the local authorities to get things rolling, the local population are screaming for jobs and the state needs the revenue. Both sides of politics are standing by to claim the glory for Riley and ready to blame the other for the delays.

    Common Hamish gives us a hint!!
 
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