Stand back from FMG, says Argonaut's Irvin, page-3

if/ when ..interest rates are falling to 1% in Australia by 2016/17 .. the AUD will be nearer to 50c

RBA will cut rates to be in line with World Wide rates under 1%

as AUD falls in line with World wide Rates of less than 1% in 2015/16 AUD will crash to near 50c

IO at us$60.00 x Aud 50c IO will be = to A$120

Lower interest rates for FMG coming too ..with higher Net returns from better AUD exchange rates ..

2015/16 + 17 will be good years for FMG as International /local interest rates and the AUD slides to new lows .