Iron ore price, page-6774

Hi

i made a mess yesterday of my results summary

so i will go again

$44 realised price for fmg for the year x 91.5% = 40.26 less all in cost around $31

170m tonnes at 9.26usd = 1574m usd pre tax less 280m charge for refinancing and early interest pay out (following financial years saves 180m a year)

npat 905m usd at 72.663c aud = 1245m aud or 40.17c aud

i believe they will pay a much higher pay out rate to 'normalise' the profit figure given 280m was a one off which takes 196m usd off the bottom line or 269m aud which is another 9c aud of earnings

so my guesstimate is a dividend of 50-65% based on the 49c aud rather than the 40.17c

13.5-20 c

best guess 15c