iron ore up 1.2% today to $111.80, page-11

Hi Digity1

Thank you for your reply on the valuation figures. Your reply is what chat sites should be about. Members helping each other rather attacking each other if they have a different view.

I believe I know where your figures (and other posters who have provided profit figures) have come from. It comes from one of FMG's presentation where they show their cost to be $73. It is important for analytical purposes to highlight that in that presentation FMG is talking about "Cash Cost" and not actual cost. The two may or may not be similar, but posters should be aware of this if we are quoting EPS etc.

Again, thanks for your help.

Regards

Pear