I think we need to take a closer look at costs pt.This from the latest quarterly.I think it would be prudent to work with $700usd pt to get a clearer and more realistic veiw of where we stand.Im thinking we may get 100kt away this quarter at an average of $4000usd.
We still end up with $330ml usd or $475ml aud.
I said in a previous post i thought we would have $700ml usd in the bank.Im now thinking we will be closer to $1bln usd or $1.4bln aud
How the hell are we still trading below $3.50 a share!!!!
Including freight and royalty costs3
, the unit operating cost for the March Quarter was
US$687/dmt, being A$949/dmt at a quarterly average AUD:USD exchange rate of 0.7243 (CIF
China) (December Quarter: US$587/dmt; A$805/dmt at an average quarterly AUD:USD exchange
rate of 0.7287). Royalty costs increased during the Quarter due to a significantly higher selling
price (US$51/dmt cost increase compared to the December 2021 Quarter). Freight costs continued
to increase and represented an additional cost impact of US$12/dmt for the Quarter compared to
the December 2021 Quarter.
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