congrats ady directors.

I have just read latest news release regarding the deal ADY is trying to negotiate with Shougang International Steel. With two leading Chinese steel companies (Shougang and Wisco) taking up a takeoff contract over the next 10 years, ADY has secured a guaranteed market to supply our iron ore.
What is another coupe is these companies will assist with the development of infrastructure to transport 10,000,000 tonnes per annum of our iron ore to shiping ports.
Have a look at the figures for 10M/T per annum:-

10M/T at todays rate of $90/T
=$900,000,000

Less Opex @ 33% $299,700,000
=$600,300,000

Less Tax @ 30% $180,090,000
=$420,210,000

Less loan repayments, Capex etc, approx 15% $63,031,500
=$357,178,500

Covert USD to AUD @.90cents
=$396,865,000

Then takes ADY's share @ 60%
=$238,119,000

EPS after demerger with 280,000,000 shares
=$0.85

Take a p.e. of say 8
=$6.80

sux don't it hehe.