WOW, what a fantastic report. Exceeded my wildest expectations.
As I said on Friday arvo " OMH shareholders are giving their shares away for 52 cents, what fools."
Do your sums,
1) OM Sarawak FeSi 45,889 tonnes sold at average US$1300/tonne = AUD$77 million
2) OM Sarawak FeMn and SiMn at 60,299 tonnes sold at an average US$1250 average =AUD$98 million
Note OM Sarawak profit is calculated as 75% of the above
3) OM China FeMn 9241 tonnes sold in the Chinese market at 7000 RMB/tonne =AUD$9 million
4) 251,105 tonnes of Mn ore grading 36% at US$6.54/dmtu = AUD$77 million
Lets not forget the record 100% increase in marketing of 813,605 tonnes of ore and alloys traded.
Plus the cherry on top, Tshipi a record quantity of Mn ore shipped 869,686 tonnes at US$5/dmtu or
AUD$203 million , OMH share is 13% = $26 million Profit would be $13 million
Ann: Quarterly Update, page-2
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Mkt cap ! $337.1M | |||
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