CCU cobar consolidated resources limited

I have been thinking about the sudden fall of the AUD and what...

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    I have been thinking about the sudden fall of the AUD and what impact that will have on CCU. Even if the POS remains steady, every drop in the AUD increases profits for CCU because PM's are priced in USD (correct me if i'm wrong). There is definately a risk to the AUD being so heavily dependant on China - Iron ore prices are down 30% in the past 2 months alone. I think holding CCU shares is good insurance against an AUD currency decline. What do others think, will an AUD crash bring down CCU with it or only increase its value?
 
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