Supertim, your cold hard facts have some petulance of course! But i am not asking for here and now. What i have tried to ask u is your assumptions of the FUTURE! if all this doom and gloom (fear) prevails, and the economy slows, we could well see an AUS$ even lower than 70 cents! Also things could change quickly if there are mass exits of higher cost producers (u mentioned atlas iron) but there are hundreds more. When they are gone (if they go) there will be lots of firesale equipment around. Also FMS ore is IN THE GROUND. We are NOT atlas iron! So please, give us your opinion on where the iron ore market will be in 18 months and then we can make our own assumptions as to what your interest is in FMS Todd RTA etc. IF things are as bad as u say (in the future) then that means we are left with a cartel! Me thinks the chinese dont want a cartel ;-) Just sayin imo dyor
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