Stop share consolidation 10:1, page-10

what about Todd? i was referring to your $US110/t price assumption of IO.. there is nothing to suggest we will see prices anywhere near what you have suggested in the medium term..

the world bank released a report this week on Commodity prices with a predicted 43% drop of the IO price from our current levels.

"The largest decline is expected for iron ore (down 43 percent) due to new low-cost mining capacity coming online this year and next (mainly in Australia). Metals markets are adjusting by closures of high-cost operations and reduced investment."