iron ore price, page-21

Er6n

A bit misleading to keep quoting the last half's D&A and associated profit when AGO has stated that D&A will be a lot less going forward.

Would buyers have signed Longterm contracts with AGO if they thought they were going to be unprofitable and likely to go under? What about multi-billion dollar mine developments and expansion being undertaken by BHP, RIO and FMG?

The A$ will fluctuate but the trend is down.

H