Is Arrium Iron Ore Being Shipped at a Loss ?, page-6

anonamoose

read what I have written again

$US47.50 x.87 = $US41.33 - $US10 shipping
=nett $US31.33

Note shipping cost is included in the CURRENCY $US that they pay for it in and that is to save confusion.
Its only after that you get a figure that is worth turning to $AU to pay $AU costs.

=nett $42.90 AU with targeted loaded cost of AU$35


What is left after the $35 bucks is surplus Cash Flow each ton aka $7.90 on the last market price at the time of writing.

You are however right in hoping ARI have excelled above and beyond in cost reductions as the current price is around $39 and that maths is not so great for this Month and going forward.

regards
Fitnfam