Current rate of shipping for June quarter equates to 5.6 million wmt per year. Current 65% fines = $136.70 usd dmt Minus freight . . . . . $14 usd dmt Minus penalties . . . . $5 usd dmt Sale price ..................$117.7 usd dmt $117.70 usd = $175.60 aud FY 24 Forecast . . . . 5.6 million wmt = 5.4 million dmt 5.4 million @ $175.6 = $948 million Railway income .............$3 million Less . . . Mining & prod @ $70 = -$392 million Royalties at 9.75% = ...-$92 million Admin........................-$5 million Lease.........................-$13 million Care & maint..............--$8 million NET INCOME................$443 million Prior years losses carried forward Tax payable = zero NPAT = $443 million.
Rinse and repeat FY24 for FY25 Add cash from record June 23 qtr. Equals One Billion cash in bank in just 24 months.
MGX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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