Well I can only see a dividend being around 1.60 to 1.70 Aud if Iron ore price goes down to 120USD soon and holds at that level to the end of the year.
July 2020 to December averaged about 125 to 130 USD per tonne and right now I think our average is around 185 USD for the 2 months combined.
Plus we have slightly increased production since then. So more tonnes going through.
If we average say 150 USD from now to December 31st. I think it is far more likely we will be in the 1.80 to 1.95 Aud range for dividend. And if we go towards a 185 million tonne production plus slightly higher Iron ore content we could get close to 2.0 dollars. But i admit that might be too hopeful. That might require a 160 USD average between now and
Ann: FY21 Results, page-29
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