Also that the AUD was over $1 USD 2011/12..... I don't expect AUD to get anywhere close this cycle, and a lot depends on the ironore price imo, which seems to be running on thin air atm a bit like the Roadrunner lol. Nobody wants a repeat of AUD-USD parity again, least of all RBA who look certain to keep their QE foot on the Aussie battlers throat.
Anyway, SS always needed incentive pricing and the right economic cycle to move from wannba to development. Hopefully developemnt partners have confidence the price cycle has legs, and deep pockets.
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