Iron ore price, page-1004

I really believe that Dec Q will be a positive quarter and lets be honest here - it doesn't have to shoot the lights out, all we need to see is good numbers and good profit, debt reduced. It wont take many quarters to be debt free.

AGO has really good potential.
IF AGO ( after paying all debt) makes only $10/t then we are looking at about $140Mil profit.
Now, I'd like to see share consolidation 10:1 and that will bring us to 900Mil shares and sp of $0.30-$0.50 (3c - 5c).
$140Mil / 900Mil shares = $0.155/sh <<< so even if we are at $0.50/sh earnings per share are really good.
($140Mil / 9Bil shares = $0.0155/sh <<< it's the same, earnings 1.5c/sh and the sh price is 3c! Hmm looks cheap. )

All in AUD but I think $10/t could be in USD and that will make the profits much better.