Hi Rod,
The estimate around 350,000 tonnes for the quarter (6 ships x 57500 approx)
Costs including shipping are around 150. (120 FOB).
Approx sale prices to meet your estimates
30m = $265AUD / $195 USD
40m = $300AUD / $220 USD
I think that could be optimistic.
I reckon 25m for the quarter is more realistic, this would require an average sale price of about $250 AUD / 185USD
massively undervalued, page-91
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