High level calculations for VMS profit with following assumptions:
- Income reduced due to FX of AUD $0.7358 versus DFS AUD $0.68 but didn't reduce CFR Costs for FX; hence Profit should be higher
- Didn't include Tax (as all companies pay it) nor the $66M Tax Loss
- I have assumed 20% discount for content and grade to convert from 62% price basis to 57% FE iron ore
Iron Ore & Tin price, page-506
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