aUS$20/tincreaseinpriceoverourforecastwouldincreaseannualcashflowby~US$1.2bn.•ForFMG'sexpansionswehaveassumedacapitalcostof~US$100perannualtonneofnewcapacity–thisishigherthanFMG'sestimateof~US$80/tbutlowerthanRIO'sestimateof~US$130/t.•ForMMX,wehavedecreasedourtargetpricetobeconsistentwithour...