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ROE Analysis Currency - Spot A$/US$ 0.746 0.883 0.985 0.974 0.847 Year end June 2009a 2010a 2011e 2012e 2013e Iron Ore - Fines* US$/t 79.6 74.9 129.0 127.8 105.2 *Benchmark Iron Ore Contract Price EBIT/Sales (X) 0.25 0.35 0.51 0.48 0.42 Pretax Profit/EBIT (X) -0.02 0.67 0.87 ...