Ann: New Iron Ore Sales Agreement and Marketing Update, page-5

Deano2011....you legend mate!

AGO expands profit margin to AUS$10.5 per T, at 5MTpa = profit gross of +$52.5M profit for this tranche alone.
The 6 other tranches for the other 10MTpa are liekely around the same rate so on my maths thats around +AUS$157,500,00.00 profit from here on if IOP and sales & production stay the same.

are you kidding.....$157M AUS!!!
Theres where Hartleys have come up with a paydown of the debt in the coming years by 2017 in 2 years time from existing cashflow.
Hartleys & my maths look very good.
Rising sales
dropped costs
rising profit margin expansion

On my maths that $50UST COP is going to get cut lower and dropped also even though it doesnt need to be. Where are you incompetent maths downrampers now? Hartleys was right...The bull run may be upon us soon.

Soon a refinance and the attempt to kill this iconic WA company is dead for good.

All we need is the SP now to spike to 4.0c on its way to 8.0c to 10.0c.
These buyers of 720M shares since reopen may start moving again soon once the market & IOP stabilises. You were warned by me months ago of this. The 3.0c-3.2c move is above the last 1c range of 2.0c-3.0c. This is bullish for a new SP surge sooner or later.