Citi + UBS are in the USA ... they have not taken our falling FX into account ..which will change everything for the better for miners in OZ ..
as BHP has maintained a view that prices are unlikely to return to levels above $US80 a tonne anytime soon. .................
Thats ok ..IO at $70.00 is good enough ..for everyone in OZ to prosper.
AUD will be at or under 70c in 2015/16 .. as RBA must drop interest rates 2 more times in 2015.
sometime in 2015 .. we will have .. AUD at .70c x IO at U$70t = A$100 IO price
then OZi IO miners will be profitable and holders happy again..![]()
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Citi + UBS are in the USA ... they have not taken our falling FX...
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