In January, IO average say US$80 / dmt, 87.5% realise price is US$70 / dmt.
Say 14.2 wmt shipped. Then you are looking at a whopping US$550M Cash Flow last month.
If next 5 months IO average $80, then you are looking at a mind boggling NPAT US$3B for FY17. Up over 300% from FY16.
At SP of A$7.00, P/E is less than 5.50.
DYOR.
Frank.
Iron Ore Price, page-17921
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