I don't have the accounting capacity/skills to work out the AISC...

I don't have the accounting capacity/skills to work out the AISC but the presentation to Morgans states C1 @$46-50/wmt and grading 57-58% Fe so this puts it somewhere in the FMG range but probably a lot less debt interest payments? Is that C1 calculation affected by the 25% "royalty" to FMG? I would presume the Fe spot dry ore attract a 10-20% discount when talking wet tonnage?

I can see the free fall recently is completing a particular chart pattern but if the perceived IO spot continues to drop as predicted then I am looking for a lower target level to see what happens.