First Shipment, page-6

Let's assume first shipment is 40,000/t & then monthly shipments of 76,000/t to satisfy the 21 month production target of 1.6m/t. If IO is trading at $210, less discount for 57% = $180/t

August - Profit on 40,000/t shipment with IO at $210 = AUD$6.07m
September - Profit on 76,000/t shipment with IO at $210 = AUD$11.6m
October - Profit on 76,000/t shipment with IO at $210 = AUD$11.6m



* USD$180 x 40,000/t = USD$7.2m divided by .76 = AUD$9.47m
(CFR AUD$85.12 x 40,000/t = AUD$3.40m) $9.47 minus $3.4m = $6.07m profit

* USD$180 x 76,000/t = USD$13.7m divided by .76 = AUD$18m
(CFR AUD$85.12 x 76,000/t = AUD$6.40m) $18m minus $6.4m +$11.6m profit


From 25th May to 2nd July, 62% IO has averaged $210/t and over the last 15 trading sessions, the average has been $215, so it's quite possible prices remain bullish and even more upside possible.
Aluminium prices hit a record steel demand is going through the roof, so that only means one thing for IO, $250 could be on the horizon