A backup for T.M's comments & the key to a higher SP.
http://www.theaustralian.com.au/business/businessnow#post-39363
Iluka Resources has been raised to Hold vs Lighten with a price target of $6.50 vs $5.50 previously according to Ord Minnett.
The broker upgraded its rutile price by 6% for 2016 and 2017 on the back of improving demand. It sees higher long-term production from Iluka, improved earnings from a lower exchange rate and improved titanium dioxide feedstock pricing.
Ann: Presentation to Resources Rising Stars Conference-MZI.AX, page-8
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