My guess for Q1 2013.
$110 Price for ore
$83 Production cost Opex $65 plus P&I loan = $18 mt/pa
$27 Profit per T
Stage 1 5Mtpa 5,000,000.00 $135,000,000 Income per annum
$2,025,000 less Royalty
$39,892,500 less Tax (30%)
$93,082,500 Net Income
1247000000 Shares on issue
$0.075 Net earnings per share
9.000 PE Ratio
$0.67 Stage 1 Value
sellers, page-71
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