io price, page-104

rumbai12,

AGO does NOT have any debt to repay!

Last update : Cash = 372m - debt 291m = $81 CASH!

from my previous post...

FY15

Iron Ore Price *85% (grade discounts) = Graded Price
$100 * 85% =$85

Graded Price * 94% (moisture discount) = Sold At Price
$85 * 94% = $80

Sold at Price USD * 1/0.935 = AUD Sold for price
$80 * 1/0.935 = $aud $85

AUD Sold Price - Costs ($70) = Profit Per Tonne
$aud 85 - $70 = $15

Profit Per Tonne * 12 = EBITDA
$15 * 12 = $180

EBITDA - DA ($14 per tonne) = EBIT
'Expected FY15 Depreciation and Amortisation of $13 - $15/t'
$180 - ($14*12) = $12

EBIT - INTEREST = NPBT
$12 - $18 = (6)

NPAT = (6)

EPS = (0.005)

P/E = (118)

Not good in accounting terms!

Cash flow from Operations + interest = + $162