EIO 3.57% 29.0¢ energio limited

eio - news paper article, page-3

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    Credit Suisse estimates that at an iron ore price of $us100 a tonne and assuming the Aust dollar at parity with the us dollar BHP would have a cash margin of $US47 a tonne RIO at $us 43 a tonne and FMG a negative cash margin of $us 3.40 a tonne including its interest payments.
    This makes EIO one of the cheapest producers going by what Mr Burston said .
    If I win the $100 million expect to see a large jump in VOLUME .
 
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