Hello Beardy, My model calculates... IF Iron Ore AVERAGES for...

Hello Beardy,

My model calculates...

IF Iron Ore AVERAGES for FY15 = $91.50 and currency 0.94

Very unlikely outcome and maybe even a impossible outcome to have the currency at 0.94 and iron ore at 91.50 for any length of time. Goldmans's CY15 forcast of $80 also had the currency at 0.80

FY15 EPS = 0.06
FY15 cashflow (after stay in business capex, interest, tax) = 0.20

Cashflow = 0.20 is really important, it assuming capex for FY15 $185m stay in business.

Debt as end FY15
Net Stat Debt = $1744m
EBITDA interest Cover = 5.9
Gearing = 31.9%
Assumes two 0.12 dividend payments in FY15


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