2023 CHART THREAD, page-78

You need to consider a few additional points;

• YAL paid off US$2.3b in debt. They dont have to do that this financial year.
• AUD to USD was a little higher on average last FY than what it currently is at (66c US).
• Met Coal is currently trading around $350USD and accounts for anywhere between 15-20% of YAL coal.
• Production was down 20% last FY year due to weather, which we are unlikely to experience this FY.

All in all, I dare say whilst revenue might not be as high as the record $10.5b last FY, I think we could easily still achieve $7.5b+ and this will pass through to shareholders with at least another 70c FF dividend, but I'd say more likely $1 FF pending any further substantial drop in thermal coal price.