not too shabby eh!, page-69

Hi DJ69,

Sorry my post wasn't completely clear. The paste dropped some of the characters thus the minus symbols are missing from the EBIT calcs. Appologies.

Please note that I provided both EBIT and NPAT calculations separately. Both EBIT (Earnings before Interest and Tax) and NPAT (Net Profit After Tax) should be exactly that. Using the year 2014 numbers from my post as examples you will see an EBIT of $183,244,000 translates to an NPAT of $121,857,260 for the same year. Not only has tax and royalties been deducted in calculating the NPAT but also the $16mil interest expense.

I wasn't aware that the 1.24% Cu already took into account a Cu recovery rate of 95%. Given that an additional $10mil per annum should be added to net profit, ie an additional 71c per share plus franking credits over the period. Based on your input I believe the calcs now show earnings per share of $9.28 plus $4.08 in franking credits for the initial 30Mt Cu.