all important $a

I might be stating the obvious to many here but the interplay between the iron ore price and the $A will determine future profits of all in the iron ore, and other currency affected sectors.

I have a spreadsheet with a series of variables and it is most interesting to see how profitable BCI can be providing the $A falls. If the iron ore price maintains some strength at the same time, BCI will be awash with cash.

Obviously the sceanrio we are not after is the dollar remaining high in the face of a falling iron ore price.

At 11.30am the $A is sitting at $US 0.965 after being lower in early trade after the Ford news.

Let's hope Soros and some of the others betting on a lower $A are correct.

Some comments from management would be good too - mine life that we are waiting on, view on currency and any hedging opportunities that may present / exist etc