Get out now, page-37

Yes rcman,
I expect that the the following have moved in FMG's favour;
- 13% discount to 62% fe for wet, lower grade ore has reduced,
- Interest charge will also have reduced, because of debt reduction
- Delivered Costs into China also down.

But I'm trying to be as conservative as published (by those that know) figures allow.

Based on this approach, FMG's position is way better than we would be lead to believe by our media and resident shorters. At least the shorters are doing it for potential financial gain, the same reason I am involved in the share market, but the media it seems is either just lazy or publishes misleading information without checking it.