re: Ann: Company Insight Interview - Updates ... Fisho agree its...

re: Ann: Company Insight Interview - Updates ... Fisho agree its the IO pricing thats the problem and lack of crystal ball causing us all some concern.

Have seen predictions betwene $75-$120 as the floor and have stated that in previous posts. I do believe though at $75 cents the A$ wouldn't be at parity, but closer to say 80-85c. giving an A$ IO price of around $90 per tonne.

This is exactly WHY i think management have done the right thing. Believe that they are modeling based on being succesful if IO > A$90 per tonne. They've had to do this at the expense of shipping, and probably to gain finance. Yes they were probably boxed into it, but they've reacted accordingly.

So i think there is a model here of it still working, but not then at a great profit or margin, but not dead. If you then consider $90 to be the floor, then the upside becomes pleasing.

Of course we REALLY need to see what the costs is. $85 per tonne was in the BFS, nearly 2 years ago. Since then we've heard about plans to cost reduce, but havent had it spelt out in $ terms to allow us to see what the new total operating cost per tonne is.

I've called that out to the company directly.

I dont think that we can get a revised number until approvals come or dont come, because that will play with the numbers.

I can understand why people are down on this stock. Im not in the best position financially on this, Im just trying to call out the potential and almost play a little devil advocate to all the negativity.

We need to maintain a balanced view. I like to hear both positives and negatives.

I remain positive for the future, have set my expectations to adjust to a longer time frame than I'd hoped for and will continue to hold.