FMG 0.00% $21.32 fortescue ltd

ok jb, here's my guess: $1.45 a share.Happy to throw my hat into...

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    ok jb, here's my guess: $1.45 a share.

    Happy to throw my hat into the ring and see who ends up getting closest.

    What's your call golden6 ...?


    FMG 6 months production: 90 million tonnes

    Average price received: Say USD$115 a tonne

    FMG 'All in' cost: USD$45 a tonne (incl. C1 costs, interest, depreciation)

    Net Profit: USD$6.30 Billion

    AUD/USD Avg. Exchange Rate: $0.73c

    AUD Half-year Interim Profit: AUD$8.63 Billion

    AUD Tax Paid (@30%): AUD$2.59 Billion

    Net Profit available (for Interim Dividend): AUD$6.04 Billion

    Interim Dividend @ 75% payout ratio (i.e 75% of $6.04 Billion) = AUD$4.53 Billion … or $1.45 a share
 
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