Simply producing more stuff but at a lower margin might be ok...

Simply producing more stuff but at a lower margin might be ok yet pause to give thought to what happens when that margin either evaporates or is reduced to the point of not being sufficient to cover debt repayments or capex.

Most of our iron ore miners, big or small, have little operational risk. Their major risk is that they are price takers to the extent that if there is a war of sorts between anyone and China, who do you think will come out on top?

Just need a crystal ball for the major variables - the iron ore price and the A$.