alleyronin
Unless I have completely misunderstood.
- FMG guidance based on $AUD0.95 cents
- for each 0.01cent decline in AUD production costs decrease by 0.35cent a tonne.
- Lower AUD = lower production costs
- All debt is in $US
- Sales a reported in US$
- 70.0% of revenue is received as US$
If AUD$ tanks this would be a benefit, say $AUD = 80.0cents
and IO price is $100.0mt, based on exchange rate effective selling price would be $125.0MT in AUD
The debt being in $US and receipts in $US, where is the major risk, please explain?
fortescue takes first step in debt reduction, page-7
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Change
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Mkt cap ! $60.84B | |||
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