Difference between 92 andd 82 cents.

Here are some numbers showing the difference between a currency of 92 and 82 cents.

Note : using Iron ore at US$96 and grade discount (realised price) the same as 1H14 of 95.7% of the benchmark price.

Steel EBITDA change 1 cent = $10 less 25% for safely

Summary
currency at 92 cents EPS = 10
currency at 82 cents EPS = 26

	Column 1	Column 2	Column 3
0		FY15	FY16
1	CFR 62%	96	96
2	AUD	0.92	0.82
3	CFR AUD	104	117
4	Tonnes	13	13
5	Grade	95.7%	95.7%
6	realised price'  Sold @	100	112
7	COGS	70	70
8	Profit / t		42
9	Iron Ore	388	546
10	Mining Cons	188	205
11	Steel	60	135
12	Recycling	10	10
13	Discountinued
14	Head Office	16	16
15	EBITDA	630	880
16
17	Iron Ore	198	198
18	Mining Cons	50	54
19	Steel	100	98
20	Recycling	10	10
21	Other	4	4
22	DA	362	364
23
24	EBIT	268	515
25	Interest	97	91
26	PBT	171	425
27	Tax Rate		15%
28	Tax	35	64
29	NPAT	137	361
30	Shares Start	1,366	1,366
31	Shares End	1,366	1,366
32	Accounting EPS	10.0	26.4