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15/04/09
11:05
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Beerme - as may know (and for others info) page 35 at link below shows sensitivity of EBIT to variations in prices and exchange rate.
http://www.asx.com.au/asxpdf/20090224/pdf/31g78s0z8rfk16.pdf
To summarise:
Gold price change of US$10/oz = profit change of A$17M
Copper price change US$0.05/lb = profit change of A$9M
Oil price change US$10/barrel = profit change of A$6M
All affected by:
FX rate US$0.01 = A$20M
It would be more value if we knew what values they assumed to calculate their guidance for 2009 earnings. Anyone know?
Also check out page 30 showing NCM to have highest cash margin of some major players.
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