So we could average say $70 this quarter which gives us
$70/.75 = A$93 - 20% = A$74.5/t - A$52 costs = A$22.5 x 3.75 mt = A$84M
Say we take off $9M for hedging and contractor profit share, that leaves $75M profit this quarter.
Could pay off half of remaining debt, not too shabby for a $228M company.
Iron ore price, page-660
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