At the current time just how much money is AGO making?
I read through all the latest presentations and came across this from a recent one "At current Fe prices and AUD/USD exchange, Atlas is generating EBITDA of approximately $40/WMT"
So 10 MT means a $400 EBITA? This sounds great relative to its MC.
The reason I ask is that with capital expenditure, deferred earnings, writeoffs etc it is difficult to work out in laymans terms just how much $$ AGO is making.
Could some one please tell me at the current production levels and Fe prices how much money AGO making after ALL the bill are paid including mining costs, admin costs,tax, interest, royalties etc.
I have spent a fair bit of time researching this one however as you can gather I am not a bean counter so am coming up with different figures depending on what I do and don't include.
I look forward to some constructive feedback
Thank you
AGO Price at posting:
$1.14 Sentiment: None Disclosure: Not Held
