is ago going to burn the $100 million it has?, page-3

Hi stockker,

On an even more positive note for AGO is the fact that next to the fall in the $A against the US$ we also have now an oil price that has fallen more then US$100 from its height to now around the US$40.

AGO needs oil to ship their iron ore by truck to Port Hedland.
The falling oil price on its own would mean tremendous savings in its trucking costs alone.

The falling A$ means that AGO will still get a good price in A$ for its products.

jojo