$200 million revenue expected in 2010-2011

Hey Guys

Just had another look at TTY's presentation at the recent Diggers and Dealers convention.

June 2010 Qtr saw revenue rise to a record $63.7m and EBIDTA Profit of $24.5m.

Let's assume iron ore spot price for TTY's lower Grade ore falls to $100 per tonne from $110 per tonne (down 10% from the peak in the June Qtr) over the next 3 quarters to June 30 2011.

So Revenue would fall to around $60m per quarter and profit to $22m. That would equate to a revenue and profit for the 2010-2011FY :

Revenue $67m + $60m + $60m + $60m = $247m revenue
Profit $24.5m + $22m + $22m + $22m = $90.5m

We are on a winner Guys!