my fy13 revenue estimate, page-34

What a massive difference to profits at the current IO price and exchange rate, From a EBITDA 96.48 to EBITDA 272.16 WOW!

62% CFR Fe price - spot (USD) 120.00
62% CFR Fe price - spot (AUD)@ .92 FX 10.43
Grade discount 57.3% -8.69
Moisture discount 7.5% -8.59
Quality discount 5% -5.73
AVERAGE PRICE RECEIVED 107.42


Mining -14.00
Crushing & Screening -6.00
Haulage -14.00
Port -10.00
Other Pilbara overheads -5.00
Shipping -10.00
Exploration + evaluation -5.00
Corporate / Admin -5.00
Royalty -8.24
TOTAL COST / TN PRODUCTION -77.24

EBITDA /tn $30.18

Maintenance CAPEX ($ / tn) 7.5
FY2014 Production 12
EBITDA 272.16

That's very very nice profit IMO

Keep in mind rail deal cost saving, FMG haulage is at 8.00 so there's depending on the outcome of the deal but another massive 72,000,000 savings on haulage alone.