How much money is Atlas losing!, page-20

Regarding posts about how much money atlas is losing...

The TIME FRAME is important and has to be part of the analysis.

It is the AVERAGE Iron Ore price and corresponding CURRENCY over a PERIOD of TIME.

Grade discounts for this month aren't what going to matter in 2-3 years time. Cash flows do!

I think that the currency is very important. I think it is very unlikely that if Iron Ore stays in the $90-$95 range that the currency will stay at 94 cents. Maybe it will be 3 months or 6 months but for 2-3 years?

The currency moves over time with the terms of trade. Iron ore is a very very big part of that. Australia's growth % will be materially affected by the end of the year if the current IO price and currency stay where they are this week.

Analysts did not 3-4 months forecast the price weakness in June. The fact that many say it is 'surprising' is a good thing... Also the higher currency might just imply this month's IO price weakness is temporary.