plans leap the billion dollar mark, page-12

If the AUD had gone down with commodity prices (like it has since the AUD floated) Wondoan would still be worthwhile. But with the long standing paradigm broken, all bets are off for new projects from the big boys until they see where exchange rate is going. They don't want to be at the mercy of supply and demand alone.

Many including myself believe the AUD has to fall at some point. When it does, the likes of BND will be well placed. Not because MG thinks he can deliver an FOB cost of $65 (No experienced person would consider that number even in the reality ball park) Port and Rail will be in the order of $23, washing $6, royalties and Admin ~$6. MG is talking about mining cost of under $30t. But none of that matters if the AUD falls, and I think it will.

I'll be on the bus soon MG!