62% fe fines cfr tianjin port, page-4

With AUD at 92 cents that is $130 AUD.

If we assume that it is being sold at around 10% discount that is $115 - $120/MT.

Margin $40/MT x 10M MT = $400M Per year.

However the Horizon stage 2 is killing us.

Here is a plan....get rid of Horizon 2 & 3.

Just produce 10M - 15M MT per year.

MKT Cap 7x = 2.8B - $3B = $2.50 - $3 per share.

Remember Nathan Tinkler was worth 1.3B now worth not much....

Medium size is good.

No reason to destroy shareholder value.