A40 losing since 5 years, TAW now in their spiral!, page-67

Agreed. The parity you quote between aud & usd 4 - 5 years ago on average were not a great deal different to what it is today...in fact...as long as pfs and dfs costs and sale prices were calculated in the same currency...it would essentially be a moot point cause cost and sales prices will move accordingly. The only time you would really have a difference from pfs and dfs profitability is if one or the other go opposite i.e. sales prices drops below consideration in both studies or if costs blow out way beyond consideration given in both studies.

The other interesting thing you mentioned and are probably right about was nameplate to achieve those cost and profitability results. A40 produced 50kt in the second half of the calendar year which would take their total to let’s say double 100ktpa which is not 50% of that figure but yes closer to 50% than 100%. Your cost theory seems very short sighted unless you absolutely believe that A40 will never produce 155ktpa. So taking that into consideration, how long do you think it would take A40 to reach 155ktpa or do you theorise they never will?