The profit calculation in the previous quote of Phils have since been revised. Updated figures from latest September Presentation:
Slides 5 and 27 of the latest ADY presentation give updated figures on projected profits.
Slide 5 - Iron Ore - "2009 expansion will be 7.2m tonnes from Santa Barbara 2.8m from Santa Fe, providing revenue on FOB of US$450m and EBITDA $67.5m to Admiralty"
Slide 27 - Lithium/Potash Revenue US$125M less Opex US$35 - Profit US$90M on full year basis from June 2009;
Total = US$157.5M
Regards
SP
stomtajora, page-26
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