Still can't believe they are trying to down play FMS when:
(1) Iron Ore is at $90 a tonne, previously they had said it was viable if >$60 a tonne (and that is factoring in Todd's extreme rail charges)
(2) Iron Ore Companies that nearly went broke a year ago such as AGO are trucking ore to port and paying down ten's of millions of dollars of debt per quarter.
(3) FMG are at record highs because of the current Ore price.
Yet this incompetent self serving board still cannot decide if PIOP is viable.
Ann: Half Year Accounts, page-4
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