Also another thing to consider is that AGO is sitting well at...

Also another thing to consider is that AGO is sitting well at two cents and I don't think it's going to go down much. If you look at the gold fever early last year. Gold miners skyrocketed and once the fever was gone miners came crashing down and normalised. AGO seems to have done the same thing with IO, so if IO goes down, I don't think you'll see a 50% drop, maybe a 25% or less as it would still remain break even or profitable at lower IO prices.