Good for you. But all indications I see have IO at $65 to $70...

Good for you.

But all indications I see have IO at $65 to $70 since the futures market for 2015 is consistently at this level. I also think the futures market and traders have taken over the pricing of iron ore from the steel mills and their influence will increase, particularly for struggling juniors. If so you're looking at 12 to 14 months minimum at these levels, and I personally do not see AGO surviving that long without either a capital raising or a placement to China-style investor. Both would mean high dilution at these market caps, with raisings at virtually no premium to the market price.

I see BCI marched 3 directors down the road today. AGO have got to do something similar and wakeup to the grimness of their situation. Currently denial is a river running strongly around Raine Square.