iron ore price , page-49

sorry i mean the 3rd quarter March 2014 (financial quarter)

Fmg can with stand even lower prices. Talk March to June 2014, output conservative estimations, 35 million tons.

do the sums, 35 million x ore price - costs per ton.

that is a lot dosh when u x that by 4 for one calendar year.

The average for this Jan to March. will be over 120 P/T . this is the normal low period. If China holds its forecast target of xx % increase in volume of ore as seen and forecast, even with extra supplies to come on tap the price should hold at around those levels +
with additional info re India's problem with future supplies and tariffs on it ore. and with china's cost of production and poor quality of ore. its all a balance with up side for Fmg.

Fmg has very good connections with China. and will capitalize on China's growth for a very long time.

we have only one hurdle left which we know is our debt. and its very manageable, even at lower ore prices if you do the maths, as this debt is reduced the fundamentals for fmg are outstanding. That is what is ahead. plain and simple.

this has all been said before its nothing new.

down side =
ore to fall over a long period of time
china to reduce ore import. or have a hard landing re financial markets. causing a world panic.

OR..................

A tsunami to hit the Pilbara, or to find better ore on a another planet and build a train shuttle to China could add to the down side.