yeah I have read that 40% is the tipped drop but fwl have said in the past that they expected the price to drop before they went into production anyway and they have done the economics on the lower prices. i guess they could never have seen this coming but thier conservative approach to the numbers is going to make it steadier travelling for them in the future. wonder what a 40% price drop would do to the new dso project? i haven't seen any numbers for that project yet. it will be interesting to see if they still get a partner for the dso project and who it is. that might tell us a lot more about the real future propsects of the iron ore industry than the stuff you read in the press. not long to wait now until the main deal is signed for the Yalgoo Iron Project - go Ferros!
LCG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
