Updated RBS Morgans Research
Todays research from RBS updates old Target Price from $1.88 to $2.41. This incorporates a 60% iron ore price assumption increase for FY11 and an updated $250m fetching price for Ridley.
The positive news of the above was quickly marginalised with reference to AGO being a high cost producer (Can we dig out any information on this, my understanding is that they are a low cost producer!).
AGO has a HOLD status until results released on the 13th shed light on the cost structure of Pardoo production.
Over and Out.
Updated RBS Morgans ResearchTodays research from RBS updates old...
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