Iron Ore Price, page-18639

Frank $80.0mt plus for 2017 will be more than enough to get the sp to where it should be

$100.0mt may put paid to the "value over volume" mantra and give unprofitable io operators a chance to get back into the game. increasing supply.

If $80.00 is the floor then FMG will have a bullet proof balance sheet, the only missing link will be diversification, they will have access to cheap funds to do this once the right JV/Project is identified.

2017 should be the year they become debt free, minimise dividends to achieve this would not be a negative, even though i still hold 650k (via a margin loan) and the higher the dividend the better off I will be.

Sacrifice now to achieve nil debt and investment grade will mean sp $15.00 plus if the io price has a floor of $80.0mt going forward for at least 24 months