Going by the GM meeting I'm trying to ascertain FMG earnings
Overall all Cost including finance and sustaining capital per tone is $58.00
Than perhaps Dec Qtr we are looking at 42M tons at selling price at $66.00 so I assume they will than bring in Net of $8.00 per ton or $336M or AUD 386M . (thats not factoring future efficiency gains)
Annualised arounnd $1.5b to $1.6B profit, or P/E of 5.62
or thats assume efficiency gains of 5% at all in cost $55 per ton and Iron stays at $66.00 net $11.00 than Dec qtr is looking like net USD$462 or AUD $531M
annualised net profit AUD at around the $2B based on curent share price P/E at about 4.5
Going by the GM meeting I'm trying to ascertain FMG earnings...
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