correct me if i am wrong. maths is not my forte but here...

correct me if i am wrong. maths is not my forte but here goes

receipts for quarter including july payment (based on $105 a tonne as they received $7,600,000/76,000 in July)

287,000 (tonnes) @ $105.00 = $30,135,000

30,135,000/264600000 (shares on issue) = $0.11

THATS A GROSS EARNING PER SHARE OF $0.11 for the quarter

I have done a similar anaysis for 12 weeks for FMG (tweaked a little as report was only 11 weeks) and they come in at
$339181818/2806370020 = $US0.12 or ($AUD0.11)

FMG are $8.00 a share and TTY are about $0.60.

IS this right????? Obvioulsy we are comparing apples and oranges to a certain extent as FMG pegs are worth a fair bit more but TTY are piggy backing on existing infrastructure and their costs are significantlty lower...
i'll do one for cape lambert and/or mount gibson tomorrow...they are probably are a better comparison.