It just amazes me the big boy market control over this stock....

It just amazes me the big boy market control over this stock. There are very significant positives to come out of this announcement, and it really is steady as she goes. The only issue is an infrasatructure cost increase of $600m. Don't get me wrong, this isn't great, but geez they are also on track time wise (much more important IMO) and it equates to 7%, a likely continegency built in. Regarding the profit decrease on tonne per year, it's correlated to the inflated tonneage prices last year. FMG SP has dropped signifcantly from when IO was trading at $170-180/tonne, so this is already factored in. What is again more important is the reduction in costs per tonne. Becoming more economical with increased output, lowest cost producers are the ones to survive. At $100-110 per tonne IO is not profitable to many suppliers, and as such creates a floor price. Good days ahead, i'd throw the kitchen sink in at the mid $4's if i hadn't already.