(8,000,000 x ((1.2 / 0.915) x ($130 - $85)) x 0.48) / 1500,000,000
EPS = 15.1c
(Magnetite tones p.a.= tpa) x ((premium over 62%fe Spot price = 20%) / ($A dollar) x (Current Spot price US$130 – cash costs =$85 "reported expectation, but yet to be confirmed in Qtr result".)) x (GBG % Interest in the project = 48%) / (Approx shares on issue)
The above does not include the DSO component, which will help earnings also, but best to leave out for some volatility with earnings.
$A unlikely to go up much further and more likely to go down over the medium term.
Even if you applied 6 x EPS = 90c.
I can't see why it wouldn't get up near the dollar mark if the IO stabilizes around current levels?
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