It will be very hard to get a dividend for some time. First priority is the debt repayment and then funding stage 2 expansion, I wouldn’t expect anything for at least 4 years.
I wouldn’t be banking on long term prices at $950/t either, even if you did i only get back to EPS of 4cents per share (opex US$350/t + 8% royalty, depreciation of $10m per year, interest at $15m per year, tax at 30% and production at 200ktpa, aud 75c, shares on issue 1.82bn).
Dividends got to be paid out of profit. EPS is profit. Not sure why ur EPS (16cps) and dividend number (7.5cps) would be different?
AJM Chart, page-3417
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