Ann: C4 Iron Ore Deposit - Production Update, page-42

so trying to work out what Q4 could look like if things stayed like this ... would that mean that at current prices 130 + lump premium (0.21) = 130+27.3 (lump premium) = 157.3 USD, /.713 (exch) = 220 AUD per ton for lump (182.3 AUD for fines).

Minus the numbers you had for trucking (120), shipping (30), Royalties (17) and the 30% cut taken for PPG we have 37.1 per ton for lump and 10.71 for fines profit.

With a 70/30 split for lump and fines and 6 ships (60K tons each) = 252,000 lump and 108,000 fines
that would be 9.34M for lump and 1.15M for fines so 10.5M ish for the qtr profit.

Perhaps there's 30Kt to much in here because the ships may only load around 55Kt on average, but still, they may push out more than 6 ships per qtr. 10M isn't too bad. 1/7th of the market cap per qtr.

Am I missing anything in the calc above?
We still have quite a tax loss to use up which never seems to be factored into our value at all.