wow, page-9

Kezza where are you getting the 63 US a ton to produce from ? listed in the latest report their total cash cost to produce was 78 dollars a ton, which is why their margins shrunk and NPAT was smashed. They are making big cost savings but i have estimated that they will take cash costs down to around 70 dollars a ton to produce, at 8.4 MT pa.

I think this is a great turn around play but not just yet, need some data to support IO price stabilisation before the ship turns imo, the chart looks to me like it wants to go to 42c before the bounce, but thats just speculation, who knows where it will end up before it turns, all i know is that when she does ill be riding that wave!