Tokyo cash per share should be around 40 cents per share, and then there's the inventory position which is being offloaded, so all up, I think it's about 50 cents per share. And the company at an io price of $131/t AUD should be earning 34 cents per share pre tax/pre corporate. Btw the Feb peak was $150/t AUD... so on an earnings front, the company is still in good shape.
io @ 120/t & aud @ 92.x, page-18
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