BCI 2.22% 22.0¢ bci minerals limited

FMG have advised in their quarterly today that they shipped...

  1. 696 Posts.
    FMG have advised in their quarterly today that they shipped 1.2MT for "third parties" in the Sept quarter. They also indicated they had received an average realised cost & freight (CFR) price of US$121 / dry metric tonne (dmt), up from US$113 compared to the previous quarter.

    If you assume this is BCI shipping 1.2MT then:

    1.2M x $121 / t = $145.2M
    Costs all in @ $70 / t (approx?) x 1.2MT = $84M

    $145.2 - $84 = $61.2M EBITDA or $0.49 cps

    The $A assisted during this quarter (av 92c) compared to the June quarter (av 99c) so that is an additional kicker.

    Steady as she goes.

 
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